Skanska Nears $140M Deal To Unload 'Trophy' DC Office Space

Law360, New York (April 10, 2012, 8:07 PM EDT) -- Real estate investor Jamestown Properties reportedly landed a contract Tuesday to buy a prime 171,171-square-foot chunk of “trophy-quality” office space in downtown Washington from Swedish construction giant Skanska AB for $140 million.

The sale has not yet closed, though, the contract would price Skanska USA Commercial Development Inc.'s 10-story 733 10th St. NW building at $818 per square foot, according to the Washington Business Journal.

Representatives for Jamestown, Skanska, broker Eastdil Secured LLC and leasing agent CBRE Group Inc. were not immediately available for comment Tuesday....
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