03.11.02::1615 L Street, N.W. Acquired for $112.5M

Cambridge structured the acquisition 1615 L Street, NW, on behalf of 1615 L Street/Cambridge Commons LLC, 1615 L Street/Saybrooke Commons LLC and Hayfield Investors, LLC, as tenants in common. The property is a thirteen-story office building containing 412,052 square feet of net rentable space, plus 263 parking spaces contained in a three-level underground parking garage. The project was purchased for a total consideration of $112,500,000 from 1615 Owners LLC.