Washington Harbour Sold for $371 Million?

Georgetown’s waterfront landmark, Washington Harbour has been sold, according to bisnow.com, which reported June 18: “A partnership between Principal Real Estate Investors and a Korean pension fund group is the winning bidder for MRP Realty/Rockpoint Group’s Washington Harbour, market sources tell us. … The sale price, which sources say comes in at $371M ($700/SF), represents a hefty profit for the sellers, which three years ago paid $245M for the mixed-use asset on the Georgetown waterfront. …”

The Georgetowner contacted MRP Realty about the report of the sale and received a succinct “no comment.”

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Thu, 24 Apr 2014 07:02:15 -0400

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