Kaiser Permanente Acquires Hospital In Washington, DC For $197.8M

Kaiser Permanente has acquired Station Place III, a 10-story, 507,273-square-foot building located at 700 2nd Street Northeast in Washington, D.C., for a total sale price of $197,800,000. The property is classified as a hospital and spans approximately 200,000 square feet, resulting in a price per square foot of $989.

Summary of transaction details:

• Property Type: Hospital
• Transaction Amount: $197,800,000
• Square Footage: 200,000
• Price per Square Foot: $989
• Address: 700 2nd Street Northeast, Washington, D.C.
• Market: Washington, DC

This acquisition was made by Gregory A. Adams, representing Kaiser Permanente. Kaiser Permanente already occupies 200,000 square feet of Station Place III. The deal was finalized on November 16, 2023.