Carr JV Acquires DC Office Property for $137.4 Million

Carr Properties (NYSE:COE) partnered with Canada Pension Plan Investment Board and MetLife Real Estate Investments (NYSE: MET) to purchase the 341,443-square-foot, Class A office property at 1255 23rd St. NW in Washington, DC, from Tishman Speyer for $137.4 million, or about $402 per square foot. Tishman Speyer acquired the asset from Blackstone/CarrAmerica for $107.88 million or $632 per square ...

Read full post here. Yahoo! News

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