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Deborah L. Harmon's Artemis Real Estate Partners Acquires Metropolitan Square Office Building In Washington D.C. For $305M

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SOLD
$305,000,000

District Of Columbia

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Office654,000 SF
Sold 10/05/2023
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SOLD

Deborah L. Harmon's Artemis Real Estate Partners Acquires Metropolitan Square Office Building In Washington D.C. For $305M

655 15th Street Northwest

See Similar Deals
Office654,000 SF
Sold 10/05/2023
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Summary

Asset Type:Office
Price Per Square Foot:$466
Total Square Footage:654,000 SF
Transaction Type:Sale

Metropolitan Square, a prominent 654,000-square-foot office building located at 655 15th Street Northwest in Washington, D.C., has been sold in a notable transaction. The property, situated near the White House in downtown Washington, D.C., changed hands for a total of $305 million.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $305,000,000

The buyer in this deal was Deborah L. Harmon from Artemis Real Estate Partners. On the selling side, Stephen A. Schwarzman from Blackstone and Owen D. Thomas from Boston Properties were involved in the transaction.

Metropolitan Square's sale price of $305 million reflects a price per square foot of $466, given its total area of 654,000 square feet. This transaction signifies a significant investment in the Washington, D.C. office market, highlighting the market's allure and potential for growth.

Players

Deborah Harmon
12 deals$994.8M volume
BUYER

Details

SOLD
IMAGE: Stephen A. Schwarzman, Deborah L. Harmon & Owen D. Thomas DATE: 10/05/2023 ADDRESS: 655 15th Street Northwest MARKET: Washington, DC ASSET TYPE: Office BUYER: Deborah L. Harmon - Artemis Real Estate Partners SELLER: Stephen A. Schwarzman - Blackstone & Owen D. Thomas - Boston Properties SALE PRICE: $305,000,000 SF: 654,000 ~ PPSF: $466 NOTE: Metropolitan Square, a prominent 654,000-square-foot office building situated near the White House in downtown Washington, D.C., has changed hands in a $305 million deal.

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