M Street Site Sells for $26.5M

AEW Capital Management has bought 1726 M Street, NW for $26.5 million from 1726 M Associates. The 11-story building is in the central business district and has 88,305 square feet of rentable space. "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," Andrew Czekaj, president of 1726 M Associates, in a statement.