WBJ: Mass Court sold

The Washington Business Journal has confirmed that the sale of Mass Court to CB Richard Ellis has been finalized for $105.5 million.

In October we speculated that the impending sales transaction was the explanation for why Madison Property Group removed their listing of the Mass Court retail space from their website earlier in the year. CBRE likely would prefer to use their in-house property group rather than continue to use Madison’s services.

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    KimFromTheK says

    @MVTer: Will this really impact those who don’t live in the building? In fact, I doubt most tenants will notice much change other than, perhaps, some staffing changes.

    Hopefully the new owners will finally find a tenant to rent out that retail space! We’ve lived in the neighborhood for 5 years now and that space (along with the space adjacent to the CVS in 400 Mass) has remained vacant the whole time.