Office building in D.C. sells for $33 million

Washington, D.C.-based real estate investor Perseus Realty LLC has purchased a medical office building in Washington, D.C., for nearly $33 million, according to an announcement this week.

Square footage of the property was not disclosed.

The property is located at 2440 M Street, NW. Several hundred condominiums and rental units are under construction or are being built in the immediate neighborhood. Perseus said it has plans to make improvements to the property and lease up vacant space in the building.

Paul Hanafin, Principal of West, Lane & Schlager's Investment Services Group, arranged the sale on behalf of the JBG Companies.

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