Unizo Holdings Co. Ltd. came one big step closer Wednesday to a $1 billion D.C. portfolio.
The Japanese investor closed Wednesday on its $148 million acquisition of Capitol View, following a flurry of deals in 2016 for properties ranging from The Executive Building at 1030 15th St. NW to the CNN-anchored Union Center Plaza Phase 2 in NoMa. That brings its running total to about $936.5 million.
Eastdil Secured’s D.C. office brokered the sale on behalf of the seller, an affiliate of Clark Enterprises.
Capitol View, which is more than 95 percent leased to a range of companies including Disney Government Relations, was developed by Clark Enterprises in 2007. The 228,000-square-foot building’s sale works out to about $649 per square foot.
Unizo’s sustained appetite for D.C. commercial real estate appears to run counter to a this year’s annual survey by the Association of Foreign Investors in Real Estate, which dropped D.C. from the top five U.S. cities favored by foreign investors for the…
