Trizec Properties has purchased a significant interest in 2001 M St., a 229,000-square-foot office property in Washington, D.C.

The value of the transaction was $76.6 million.

The property is held in a joint venture with a local investor group.

The seller was BCSP II Washington Mortgage Holdings LLC.

The property was fully occupied at the time of sale, with the 211,000-square-foot office portion being leased to KPMG through the end of 2011. Trizec will lease and manage the property.

2001 M Street N.W, completed in 1987, is a nine-story class A building. It features a ground-floor shopping arcade and post office branch and a two-story underground parking garage.

Chicago-based Trizec Properties Inc. is a real estate investment trust.


What’s your opinion? Send your Letter to the Editor to

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Register Here×
Connect Now is less than two weeks away. Prices go up May 30.Reserve your seat today.×