Marcus Partners agreed to pay $41.9m for a 73,000 sq ft office building in the Golden Triangle neighborhood of Washington, DC’s central business district. The eight-story property is 87 percent leased to 12 tenants, including SNI/SI Networks, International Center for Alcohol Policies, Relman, Dane & Colfax and London & Mead/Andrew J. Kline. Marcus Partners intends to upgrade the property with improvements to the lobby, common areas, and building systems. CBRE will remain the property’s leasing agent. Lincoln Property Company will continue to manage the building on behalf of the new owner.
“The Jefferson Building presents an outstanding opportunity for new tenants to lease distinctive, high-quality space in the center of Washington DC,” said Andrew Dolinsky, Marcus Partners’ Washington, DC regional director. “The column free floor plates and superb location offer tenants an ideal combination of flexibility and convenience.”
