Garfield Investments And Broad Creek Capital Acquire Office Building In Washington DC For $26.2M

The office property at 1667 K Street Northwest in Washington, D.C., was sold for $26,200,000. The asset spans 194,115 square feet with a price per square foot of $135, reflecting its transaction within a competitive real estate market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $26,200,000
• Buyer: John B. Mason - Garfield Investments & Broad Creek Capital
• Seller: James Campbell Company
• Broker: JLL
• Loan Amount: $40.5 million

A joint venture between Garfield Investments and Broad Creek Capital was involved in the acquisition. Prime Finance provided financing for the transaction, indicating substantial backing and confidence in the asset's value in the Washington, D.C. market.