08.07.05::1726 M Street, N.W. Sold For $26.55M

The disposition of 1726 M Street was co-brokered by Transwestern Commercial Services and Cambridge Property Group on behalf of 1726 Associates Limited Partnership .  The property, an eleven story office building is located in the Central Business District of Washington, DC.  The building was originally constructed in 1964, removed in 1982 and 1998.  The Property contains 88,305 square feet of net rentable area and ample below-grade parking.  The project was sold for a total consideration of $26,550,000 to AEW/KPERS Acquisitions, LLC.    According to Andrew Czekaj, President of 1726 M Associates Inc., “We met our objectives in this investment through our six year hold period and consequently decided to re-deploy our capital to more value oriented opportunities.  We remain committed to the DC market and have sufficient exposure in the market”.

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