BG Ventures And ELV Associates Lease 67,710 SF Office To Page Southerland Page In Washington DC

The asset involved in this transaction is a Class A office building located at 2101 L Street Northwest in Washington, DC. This property comprises a total of 67,710 square feet and was acquired by BG Ventures and ELV Associates for $110.1 million. The acquisition was financed with a $70 million loan from Northwestern Mutual.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $110.1 million
• Square Footage: 67,710 SF
• Address: 2101 L Street Northwest
• Market: Washington, DC
• Landlord: BG Ventures & ELV Associates
• Tenant: Page Southerland Page
• Landlord's Rep: Carroll Cavanagh, Dimitri Hajimihalis & Emily Eppolito - CBRE
• Tenant's Rep: Michael Shuler & Nick Fields - Newmark

The landlords, BG Ventures and ELV Associates, marked the leasing of the property to Page Southerland Page as a vital step in managing their asset portfolio. The transaction was facilitated by representatives from CBRE and Newmark, showcasing the collaboration between multiple brokerage firms to complete the deal effectively.