BXP Sells D.C. Office to Jemal Equities for $92M

AI Summary

BXP sold a 254,000-square-foot office building at 1330 Connecticut Avenue NW in Washington, D.C., to affiliates of Jemal Equities for $92.3 million. The sale is part of BXP’s effort to shed older properties in the capital; Burke & Herbert Bank & Trust provided $72.5 million in financing.

BXP has unloaded a 254,000-square-foot office building in Washington, D.C.’s Dupont Circle for $92.3 million as the firm sheds older properties in the nation’s capital. Affiliates of Jemal Equities acquired the building at 1330 Connecticut Avenue NW, according to deed records cited by the Business Journals. Burke & Herbert Bank & Trust provided $72.5 million […]