Commerz Real AG Acquires Mixed-Use Property In Washington, DC From JBG Smith

The office property located at 1900 N St. in Washington, D.C., recently changed hands with German-based Commerz Real AG acquiring the 269,000-square-foot mixed-use asset. The property, designed by KPF architects, boasts a triple-height lobby, superior window line, and world-class amenity space. At the time of sale, the asset was 82 percent leased to a variety of tenants, including Goodwin Proctor and Beverage & Diamond law firms, along with CBRE’s Washington, D.C., office.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Undisclosed
• Address: 1900 N St NW, Washington, DC, 20036
• Market: Washington
• Seller's Rep: Tommy Cleaver(CBRE)
• Buyer: Commerz Real AG
• SF: 269,000

The seller of the property was represented in the transaction by a team from CBRE, including Tommy Cleaver, Stuart Kenny, and Dan Grimes. The acquisition by Commerz Real AG signifies a significant investment in the Washington market, adding to the diverse portfolio of the German-based company.