D.C. office portfolio sold

Developer attracted by downtown location

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West, Lane & Schlager recently brokered the sale of the Marshall B. Coyne Trust Portfolio -- three office buildings located in Washington, D.C. The value of the transaction was not disclosed. Rockrose Development Corp. of New York City purchased the portfolio -- 1156 15th St., NW, 1101 15th St., NW, and 1620 Eye St., NW -- from the Marshall B. Coyne Trust. The properties comprise a total of approximately 470,000 square feet. At the time of sale, the properties were almost fully leased, according to a press statement. West, Lane & Schlager is a commercial real estate company specializing in leasing, project management and investment services for law firms, corporations and not-for-profit organizations in Washington, D.C. ...