Trizec joint venture lands D.C. office building

Property includes underground parking

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

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