News & Press

Cambridge structured the disposition of 1627 K Street, NW, Washington, DC, on behalf of 1627 K Associates Limited Partnership. The project was sold for a total consideration of $15,950,000.00 to 16 Cobalt L.L.C. Gerald Trainor, of Transwestern Commercial Services represented Cobalt L.L.C. 1627 K Street is a twelve-story, 64,512 square foot executive office building located in the heart of Washington, DC. The subject property is 100% leased to such creditworthy tenants as Peninsula Production Company, Harrison Career Institute, and The Foundation Center. Situated three blocks from the White House, “1627 K” presents an excellent opportunity to own a quality building below replacement cost in one of the country’s strongest office markets. Its long term leases provide great stability and reliable cash flow to its investor.

Cambridge structured the disposition of 1150 18th Street, on behalf of A&A 1150 18th Street Associates L.L.C. The project, a ten-story, 173,010 square foot Class A office building was sold for total consideration of $62,700,000 to U.S. Property Fund III Gmbh & Co., KG. The purchaser was represented by Chip Ryan and Jim Luck of Cushman & Wakefield. At the time of closing the property was 89% leased.

Cambridge structured the acquisition of a seven building office portfolio in Fairfax County Virginia for $80,000,000. NVOP, LLC (an affiliate of Northwestern Mutual) acquired the 519,609 portfolio from A&A Investment Company. The portfolio spans the county and includes three of the major submarkets; Tysons Corner, Reston and Fairfax City. At the time of closing the portfolio was 84% leased and occupied.