Beacon Capital Acquires Advisory Board Building From WashREIT For $102M

2445 M St NW
The Office Building At 2445 M St. Nw.

The West End office building that The Advisory Board will vacate next year has just traded hands for $101.6M.

WashREIT sold the 292K SF building at 2445 M St. NW to Beacon Capital Partners, the Washington Business Journal reports.

Beacon Capital owned the building in the early 2000s before selling it in 2006 to Broadway Partners. WashREIT bought the building in 2008 for $181M. The property sits near the Park Hyatt hotel and a Trader Joe's grocery store, about four blocks from the Foggy Bottom Metro station.

The Advisory Board Co., the building's anchor tenant, in September 2015 signed a deal to move to a 532K SF space in Douglas Development's new mixed-use project, a partnership with Brookfield Property Partners, at 655 New York Ave. When WashREIT in January announced it had acquired Arlington Tower in Rosslyn, it also said it was under contract to sell 2445 M, though it did not disclose the buyer or price at the time.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Defense Tech Firms Setting Up Shop In Trump Family's Palm Beach Orbit

Google Delays Thompson Center Opening To 2028, Releases New Renderings

Loudoun County Moves To Pause Data Center Applications For 12 Months

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

DivcoWest Sells Glendale Office Building For $70M

Hines And Rialto Close Office Credit Fund At $1.1B

Rig Collapse At Citadel HQ Site Sends 4 To Hospital

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Fertility Provider Opens Clinic At 1900 Lawrence Office Tower: The Denver Deal Sheet

Office Revenues Are Failing To Keep Pace With Expenses