News & Press

Transwestern Commercial Services and Cambridge Property Group structured the disposition of 1211 Connecticut Avenue, NW, on behalf of 1211 Connecticut Avenue Associates Limited Partnership. The property consists of 125,118 square feet of office and retail space and a three-level underground parking garage containing 82 spaces. The project was sold for a total consideration of $41,000,000 to Connecticut Avenue Tower LLC.

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”.

Cambridge Holdings announced that in the year just closed the group has...

Cambridge structured the disposition of the FDA building, on behalf of Riverdale FDA LLC . The project was sold for a total consideration of $21,100,000 to Government Properties Trust. The three-story property consists of 81,702 gross square feet, with a net rentable area of 78,979 square feet. The building was 81% leased to the United States Government for an FDA Laboratory. The property is located in University Station, across the street from the College Park Metro and MARC stations, and approximately three miles from the Capital Beltway. The site is adjacent to a 410,000 s.f. federally-owned building also housing the FDA, and a 150,000 s.f. building leased to the US Department of Agriculture.