Post Brothers Acquires Office Building In Washington, DC For $228M

This office asset located at 1825 & 1875 Connecticut Avenue NW in Washington, DC, has been sold for a transaction amount of $228,000,000. The total square footage of the property is 368,071, equating to a price per square foot of $619.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $228,000,000
• Square Footage: 368,071
• Price per Square Foot: $619
• Buyer: Post Brothers - Matthew Pestronk
• Seller: JBG Smith - Matt Kelly
• Brokers: Jud Ryan & James Cassidy - Newmark

Matthew Pestronk represents Post Brothers in this transaction, while Matt Kelly represents JBG Smith. The brokerage firm involved in this deal includes Jud Ryan and James Cassidy, who are affiliated with Newmark.