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

The office property at 1825 & 1875 Connecticut Avenue NW in Washington, DC has been sold in a transaction valued at $228,000,000. This property spans an area of 368,071 square feet with a price per square foot of $619. The sale involved the buyer, Post Brothers represented by Matthew Pestronk, and the seller, JBG Smith represented by Matt Kelly. The deal was facilitated by brokers Jud Ryan and James Cassidy from Newmark.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $228,000,000
• Address: 1825 & 1875 Connecticut Avenue NW, Washington, DC
• Market: Washington, DC
• Buyer: Post Brothers - Matthew Pestronk
• Seller: JBG Smith - Matt Kelly
• Brokers: Jud Ryan & James Cassidy - Newmark
• Square Footage: 368,071
• Price per Square Foot: $619

Matt Kelly represented JBG Smith in the transaction while Matthew Pestronk represented Post Brothers. The deal was facilitated by Newmark brokers Jud Ryan and James Cassidy. Additional details about the transaction were not provided.