UNIZO acquires two D.C. office buildings for $259m

Two Class A office buildings on Washington D.C.'s G Street in the East End submarket have been acquired by UNIZO Holdings Company. The buyer paid $259 million sale for the buildings which total 440,419 sqf. 1325 G Street offers 307,705 sqf of space, having been built in in 1969 and renovated in 2017. The second building, The Colorado Building) is older, originally built in 1903 and currently offers 132,714 sqf of office and retail space. Holliday Fenoglio Fowler arranged the sale of the property on behalf of the sellers, Westbrook Partners and TIER REIT. The HFF investment sales team representing the seller was led by Andrew Weir, Stephen Conley, Jim Meisel, Dek Potts and Matt Nicholson.