DC - based developer Akridge has sold its 500 sq ft boutique office building located at 1701 Rhode Island Ave NW in Washington DC after an affiliate of Exan Capital made it an offer it could n’t refuse . The pair had planned to market the property more widely through Eastdil Secured, but the investment sales brokerage quickly found a willing buyer that was positioned to close quickly, said David Tuchmann, vice president of development at Akridge. The property , on which WeWork signed a lease on the entire building earlier this year , was sold for a reported $ 1,016 per square foot .
DC - based developer Akridge has sold its 500 sq ft boutique office building located at 1701 Rhode Island Ave NW in Washington DC after an affiliate of Exan Capital made it an offer it could n’t refuse . The property , on which WeWork signed a lease on the entire building earlier this year , was sold for a reported $ 1,016 per square foot .