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February 06, 2019  

GLL Lists CoStar Headquarters in DC

GLL Real Estate has teed up a Washington office building that’s virtually fully occupied, primarily by the headquarters of CoStar.The 169,000-square-foot building, at 1331 L Street NW, is expected to attract bids of about $100 million, or $592/sf. At that price, the buyer’s initial annual yield would be 6.75%. Eastdil Secured is representing GLL, a German investment manager.CoStar, which formerly owned the property, occupies 93% of...

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