6/26/2008

D.C. Prison Bureau building trades hands for $44.9M

by Eric Ramsden

500 First St. NW

Polinger Development Co. has purchased a 131,141 square foot office building in Washington, D.C., for $44.9 million from Municipal Associates.

Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy & Pinkard Colliers represented the seller in the transaction.

The building is located in the Capitol Hill submarket at 500 First St. NW. GSA Federal Bureau of Prisons currently leases the entire building and has signed a deal to occupy it through July 2016.

Address: 500 First St. NW, Washington, D.C.

Size: 131,141 square feet

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Filed Under: Office

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