4.10.06::1331 H STREET, NW DISPOSITION FOR $20,623,651.81

Transwestern Commercial Services, along with Cambridge Property Group structured the disposition of 1331 H Street, NW on behalf of 1331 H Street Associates LP. The Property is a twelve-story, 73,893 square foot multi-tenant office building located along H Street at the intersection of H Street and New York Avenue in the East End submarket of Washington, D.C.  The Property was sold to Techumseh Properties for a total consideration of $20,623,651.81 ($290.96 psf).  Originally constructed in 1964, the Property underwent major renovations in 2001 and reestablished its competitive edge in the market place.  According to Andrew Czekaj, Chief Executive Officer of Cambridge “from 1999 through 2003 we purchased 16 properties in the District, containing a total of 2.3 million
square feet.  With the disposition of 1331 H, our portfolio has been rationalized to two properties containing approximately 500,000”.