Deals
Famed Watergate Office Building to Be Sold for $107 Million
- Buyers include NYC firm Steinbridge, deal documents show
- Hotel at Washington complex just had $125 million makeover
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Washington’s Watergate office building, made famous by the political scandal that brought down President Richard M. Nixon, is under contract to be sold, according to financing documents obtained by Bloomberg.
New York real estate investment firm Steinbridge Group and Dallas-based Lincoln Property Co. are buying 2500 and 2600 Virginia Ave. NW, also known as Watergate East, for $107 million, according to the document by brokerage Holliday Fenoglio Fowler LP.