Madison Marquette & Highland Square Acquire 725 12th Street NW Office Building For $70M

A joint venture between Madison Marquette and Highland Square Holdings has acquired a 315,000-square-foot office building at 725 12th St. NW in downtown Washington, D.C. The property was purchased for $70 million from Allianz Real Estate.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $70,000,000
• Square Footage: 315,000
• Address: 725 12th Street Northwest, Washington, DC
• Market: Washington, DC

The acquisition of the 315,000-square-foot office building at 725 12th St. NW in downtown Washington, D.C. was led by Vince Costantini from Madison Marquette and Robert M. Seldin from Highland Square Holdings. They represented the buyers in the transaction. François Trausch from Allianz Real Estate acted as the seller. The deal was facilitated by Eastdil Secured as the broker.