D.C. office building sold

St. Joe dumps downtown space

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The St. Joe Co. sold a 152,470-square-foot office building in Washington, D.C. The value of the transaction was $47.3 million. This 12-story office building is located at 1750 K St. It was 89 percent leased to multiple tenants at the time of sale. The buyer's identity was not disclosed. The St. Joe Co. (NYSE: JOE), a publicly held company based in Jacksonville, Fla., is one of Florida's largest real estate operating companies. *** What's your opinion? Send your Letter to the Editor to newsroom@inman.com....