Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Vornado to Buy Washington Office Tower for About $104 Million

Nov. 7 (Bloomberg) -- Vornado Realty Trust agreed to buy the 97.5 percent interest it doesn’t already own in 1399 New York Ave., a 130,000-square-foot (12,000-square-meter) office building in Washington, for about $104 million.

The New York-based real estate investment trust said it expects the transaction to be completed before the end of the year. The property is a “Class A trophy office building” close to the White House, the company said today in a statement.

Vornado’s Charles E. Smith unit is the largest manager of commercial buildings in the Washington metropolitan area, according to the REIT’s website. It owns and manages 74 office properties comprising 18 million square feet, the website says.

The building, also known as the Executive Tower, is three blocks east of the White House, according to the website.

To contact the reporter on this story: David M. Levitt in New York at dlevitt@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.