WASHINGTON, DC - Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it arranged the sale of 2000 K Street, NW on behalf of 2000 K Street LLC.
Bill Collins, Paul Collins, Jud Ryan, Drew Flood and James Cassidy of Cassidy Turley represented the seller in the sale of the 153,212 square foot Class A office building.
2000 K Street, NW is a property characterized by its design, location, direct connection to transportation and newly-improved amenity package. Its tenant environment features a tenant-only fitness center, a full service concierge and a newly renovated rooftop terrace. The prestigious K Street address is in the heart of Washington, DC’s Central Business District within a short walk of major demand drivers and an abundance of amenities.
“This remarkably well located asset generated a record level of investor interest,” said Mr. Ryan, Executive Managing Director. “The sale of 2000 K Street is encouraging for the market as buyers were willing to aggressively underwrite and apply significant value to the property’s current vacancy and pending rollover.”
The 79% leased asset garnered significant interest from the global investment community. Located within the core Washington, DC market, the property’s exceptional location and flexibility appealed to a wide range of investors.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.