D.C.-based developer Akridge tapped into stronger-than-anticipated demand for trophy-quality office stock with its recent sale of 1701 Rhode Island Ave. DC-based developer Akridge has sold its 104,000 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 couldn’t refuse. The company said the deal was for a “significant amount of cash” and that it would be closing on the property by early next year.
DC-based developer Akridge has sold its 104,000 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 couldn’t refuse. The company said the deal was for a “significant amount of cash” and that it would be closing on the property by early next year.