D.C. building purchased for $76M

Trading, investment conglomerate named as buyer

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Sumitomo Corp. of America purchased 1750 K St. NW, a 152,470-square-foot office building in Washington, D.C., for $76 million, brokerage Holiday Fenoglio Fowler LP announced today. Bernstein Cos. sold the facility to Sumitomo, which purchased the property free and clear of debt. The 12-story, mid-block office building is located three blocks from the White House in the "Golden Triangle" Business Improvement District. At the time of sale, 1750 K St. NW was fully occupied by six tenants that included the law firm of Wiley, Rein LP. *** What's your opinion? Leave your comments below or send a letter to the editor. ...