​Transwestern’s Washington, D.C.-based Institutional Commercial Group today announced it brokered the sale of 1990 M Street, NW, an eight-story, 110,129-square-foot Class B office building in the Central Business District submarket. Meitnerium LLC purchased the building for approximately $42 million from Equity M Street LLC, represented by Transwestern’s Gerry Trainor.

1990 M Street sits on a corner location in the heart of the vibrant Golden Triangle Business Improvement District. Situated on the southeast corner of 20th and M Streets, NW, the property is three blocks from both the Dupont Circle Red Line and Farragut West Blue/Orange Line Metrorail Stations. 1990 M Street was approximately 77 percent leased at the time of sale and presented a compelling value-add investment opportunity for the buyer. Due to its location in the downtown receiving zone, additional density can be achieved by adding two stories to the existing eight-story building.

Transwestern’s Institutional Commercial Group, headed by Gerry Trainor, focuses on institutional investment services throughout the Washington, D.C. region, providing its clients with exceptional service and market knowledge. Other team members include Bob Filley, Jim Cardellicchio, Ken Marks and Paul Korns. Over the past two years, the Institutional Commercial Group’s transactions have totaled more than $1.5 billion in aggregate value. The team’s success is a direct result of their detailed underwriting and keen understanding of the local, national and international investment communities. For more information on the Institutional Commercial Group, visit www.Transwestern-ICG.net or call Gerry Trainor, executive managing director, at 202.775.7091.

ABOUT TRANSWESTERN
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern. Follow Transwestern’s Washington D.C. office on Twitter: @TranswesternDC.

 

Media Contact:
Michelle Johnstone
202.775.7036
michelle.johnstone@transwestern.net