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Greenoak Jv Pounces On The Lion Building

by cpexecutive.com posted 11months ago 77 views
JBG Smith traded the eight-story, 157,000-square-foot Class B office asset in Washington, D.C. The purchase price was $65 million. : JBG Smith has sold the Lion Building, a 157,000-square-foot office building in Washington, D.C., for $65 million. The buyer, a joint venture between GreenOak Real Estate and MRP Realty, financed the acquisition with a five-year, $47.6 million loan held by MetLife, according to public records. The Lion Building last changed hands in mid-2012, when JBG Smith acquired the asset from Clarion Partners in a $64.8 million transaction, per Yardi Matrix data.

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