Easterly Government Properties Acquires Capitol Plaza I From Principal Financial Group For $119M

The asset involved in the transaction is an office property located at 1200 First Street Northeast, Washington, DC. The sale price for this property was $119,000,000. It features a total area of 215,000 square feet and is situated in the NoMa neighborhood.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $119,000,000
• Buyer: Easterly Government Properties
• Seller: Principal Financial Group
• Lease Secured: 215,000 sq. ft. lease with D.C. Public Schools and the Department of Energy and Environment

The buyer, Easterly Government Properties, and the seller, Principal Financial Group, played significant roles in the transaction. Easterly Government Properties successfully acquired the property and has established a lease with prominent government entities, further enhancing the property's strategic value.