Washington, DC – Cassidy Turley announced today that it arranged the sale of 2700 16th Street, NW, the approximately 35,000 square foot former Italian Embassy located in the Adams Morgan neighborhood of Washington, DC. Jayne Shister of Cassidy Turley represented the seller, Embassy Holdings 2008, LLC. Valor Development was the purchaser.
2700 16th Street consists of a 1925 Renaissance-style four-story building on a 43,463 square foot lot which was designated as a historic landmark in March 2006. The building has palatial proportions and is located on a high hill across from Meridian Hill Park, offering views of the Washington Monument to the National Cathedral. The surrounding neighborhood is a vibrant, urban area featuring restaurants and retail shops. The property also has a prominent presence on 16th Street and is just a few blocks from Columbia Heights Metrorail station.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider in the U.S., with 420 million square feet of managed space, 58 locations and $13 billion in completed transactions for 2009. Cassidy Turley is comprised of industry-leading firms in their respective markets that share a common vision and strategy. The former firms and affiliations are: Cassidy & Pinkard Colliers in Washington, DC, Colliers Turley Martin Tucker in the Midwest, Colliers ABR in New York City and Colliers Pinkard in Baltimore, Charlotte and Raleigh, along with the addition of NAI BT Commercial and CPS CORFAC in Northern California, Grubb & Ellis | BRE Commercial in Southern California and Phoenix, Colliers Houston & Co. in New Jersey and Colliers Barry in Wisconsin. Outside of North America, Cassidy Turley partners with GVA Grimley, the founder and majority shareholder of GVA Worldwide. GVA Worldwide is a global service company with over 2,500 real estate professionals operating in over 85 markets. Collectively, the Cassidy Turley firms have over 360 shareholders. Through its team of experienced service professionals, Cassidy Turley focuses on the needs of its clients, offering end-to-end services delivered across a full spectrum of commercial real estate including Capital Markets, Corporate Services (which supports more than 25,000 locations), Landlord and Tenant Representation and Property and Project Management. The firm also offers specialty services and industry focused practice groups as well as first class market research. In addition, Cassidy Turley is a leader in assisting clients to create more sustainable workplace environments. The firm recently ranked in the Top 10 on the Lipsey Co.’s Commercial Real Estate Top Brands Survey. Please visit www.cassidyturley.com for more information about the company.
Maureen Wheeler 202.463.1138