Minshall Stewart Pays $62M For 10-Story DC Office Building

Law360, New York (March 20, 2012, 8:07 PM EDT) -- In another cut-rate deal for the Washington office market, commercial real estate company Minshall Stewart Properties has purchased a 10-story office building in the heart of the city for $61.7 million, according to reports Tuesday.

Minshall Stewart purchased the 2001 L Street building and its 17,314 square feet of land from Equity L Street LLC earlier this month, according to the Washington Business Journal. The sale, brokered by Transwestern Institutional Commercial Group, was a loss for Equity L Street, which purchased the property in 2007 for...
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