Jamestown acquires One Metro Center in Washington, D.C.
New York — Jamestown has closed on the $307.5 million acquisition of One Metro Center, a trophy office building located in the East End submarket of Washington, D.C.
Close to the White House, Treasury Department and Ronald Reagan Building, the property sits above Metro Center Station, the central hub of Washington’s subway system.
The amenities offered by the seven-story, 415,000-sq.-ft. building include six-story central glass atrium, a fitness center, a valet-only parking garage and a landscaped rooftop patio.
Constructed in 2003, the fully leased building is home to law firms and consultancies.
Cassidy Turley represented Clarion Partners in the transaction.
JLL: Foreign investment up in secondary U.S. markets
Chicago — As more foreign capital streams into the U.S., global investors appear poised to ratchet up risk levels, according to Jones Lang LaSalle’s’ most recent Global Capital Flows report.
“Asia Pacific and the Americas are seeing continued growth in investor appetite for direct commercial property; however, in contrast to what we witnessed last year, both new and experienced investors are taking on additional risk,” said Arthur de Haast, lead director, International Capital Group at Jones Lang LaSalle.
The new risks include increasing the number of investments in secondary cities, particularly in Europe and the U.S., he continued.
The rising price of assets in major cities and slowly improving global economies appear to be creating the trend, the report said.
New Street Realty transactions
New York — New Street Realty Advisors has announced two recent transactions:
- Green Nature Coffee House has leased approximately 1,242 sq. ft. at Riverbank West, a residential high rise on West 42nd Street in New York City. Green Nature will join other retailers in the base of the building including 7-Eleven, Subway, the Pearl Theatre Company and Grand Cru Wind & Spirits.
- Taino Pharmacy has signed a long-term lease with the owners of 2371 2nd Avenue. The tenant will take possession of the space immediately, planning to open this fall. It will be Taino Pharmacy’s fifth New York City location.