Shuttering Lionstone Investments Sells D.C. Office for Bargain Price – Commercial Observer
A Houston-based investment firm is liquidating its $5.5 billion portfolio, and has traded an office building in Southeast Washington, D.C., at a notable discount amid the fire sale. Lionstone Investments sold the 12-story, 225,000-square-foot property at 100 M Street SE to Onward Investors for $54 million, according to Bisnow, citing property records. Lionstone, alongside partner Hermes Real Estate, paid $79.8 million for the building back in 2014, per reports at the time. SEE ALSO: Chess Builders Buys UES Building Slated for Demolition for $50M A representative for Lionstone’s parent company, Columbia...