Capri Completes $76M Sale of Watergate Office Bldg.

Chicago-based Capri Capital Partners LLC finalized its sale of the Watergate office building at 2600 Virginia Ave. NW in Washington, DC, to the Penzance Cos. The 12-story, 200,000-square-foot property traded for $ 76 million, or nearly $ 287 per square foot.

A group of investors led by BentleyForbes purchased the structure in 2005 for $ 86.5 million. Capri recently took over its management.

Constructed in the late 1960s and overlooking the Potomac…
National Commercial Real Estate News From CoStar Group