Investcorp, a New York-based global investment group, and Brickman Associates, a New York-based private real estate investment and management firm, have announced their acquisition of Maritime Plaza I and II, a two-building office complex located in Washington, D.C.
Investcorp and Brickman Associates together purchased the property from The Bernstein Cos. for an undisclosed price.
The Maritime Plaza I and II properties encompass 345,736 square feet of class A office space. The two buildings that comprise the property were constructed in 2001 and 2003, respectively, on land leased from the Washington Gas Co. under a 99-year lease.
The Maritime Plaza buildings are located within a master-planned development that will eventually include additional upscale office complexes, as well as hotel properties. This development is part of a broader, large-scale revitalization of southeastern Washington, D.C., including new projects in the planning stages or under development, such as the proposed construction of the baseball stadium for the Washington Nationals.
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