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May 01, 2019  

Normandy Dealing DC Federal Offices

Normandy Real Estate is ready to cash out of a Washington office building it acquired last year via a distressed-debt play.The 316,000-square-foot building, at 950 L’Enfant Plaza SW, is expected to draw bids of $100 million to $110 million. The property is 86% leased to four federal agencies. The Morristown, N.J., fund operator has given the listing to HFF.The previous owner, Heyman Properties of Stamford, Conn., was unable to refinance a...

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