BXP Inc. has agreed to pay $34 million, or $107.94/sf, for the 315,000-square-foot office property at 725 12th St. NW in Washington, D.C. The Boston REIT is buying the 12-story building from Allianz Real Estate, which took it over in 2023 in a deed-in-lieu of foreclosure from Hines. Allianz in 2016 had provided $135 million of […]

The post BXP to Buy 315,000-SF Office Property in Washington, D.C., for $34Mln appeared first on Commercial Real Estate Direct.