Sep. 23, 2013 - Wall Street Journal.com

WASHINGTON, D.C., September 23, 2013 – HFF announced today that it has closed the sale of 2000 L Street, NW, an office building located in the heart of Washington, D.C.’s Central Business District (“CBD”).

HFF marketed the property exclusively on behalf of the seller, Brookfield Office Properties. Rockrose Development Corporation purchased the asset for $192 million.

Spanning a full city block from 20th to 21st Streets NW, 2000 L Street is an eight-story freestanding asset with four sides of extensive window lines. Currently 96 percent leased to 31 tenants, the property is situated in the CBD’s amenity-rich Golden Triangle and proximate to four Metro Stations serving the Red, Orange and Blue Lines.

The HFF investment sales team representing the seller was led by senior managing directors Jim Meisel, Dek Potts and Andrew Weir, executive managing director Stephen Conley and senior real estate analyst Matt Nicholson.

Founded in 1970, Rockrose Development Corporation is one of New York’s most pre-eminent and prolific developers. As an all-encompassing property owner, developer and manager, the company’s visionary stance and commitment to excellence has established it as a leading force in New York real estate. With a hands-on management team who recognize the importance of exacting quality for demanding residential and commercial clients, the company continues to exceed expectations and create new standards.