Georgetown University’s Newspaper of Record since 1920

The Hoya

Georgetown University’s Newspaper of Record since 1920

The Hoya

Georgetown University’s Newspaper of Record since 1920

The Hoya

North Campus Buildings Change Hands for $62M

Real estate and investment management company [Jones Lang LaSalle](https://www.joneslanglasalle.com/Pages/Home.aspx) negotiated the sale of two office buildings located on Georgetown’s north campus for $62 million this September for sellers represented by Prudential Real Estate Investors. The buyer, HRPT Properties Trust, is a real estate investment trust that deals primarily in office and industrial buildings.

The Harris and Green buildings, located at 3300 Whitehaven St. NW and 2001 Wisconsin Ave. NW respectively, are leased by the university until September 2019. Both buildings were completely renovated in 2005, according to the [Washington Business Journal](https://washington.bizjournals.com/washington/stories/2009/09/14/daily10.html).

“The Georgetown north campus opportunity offered strong credit tenancy with a long-term lease in the best performing market in the country – essential aspects to completing transactions in today’s volatile capital markets,” Jones Lang LaSalle Senior Vice President Jim Malloy said in a press release.

The Harris Building houses administrative and academic units such as [University Information Services](https://uis.georgetown.edu/), [Risk Management](https://riskmanagement.georgetown.edu/) and the [Center for Intercultural Education and Development](https://cied.georgetown.edu/). The university subleases the Green Building to [The British School of Washington](https://www.britishschool.org/washington/).

“The sale does not affect current operations or occupancy and we don’t plan to change any current uses of these spaces,” university spokesperson Julie Bataille said.

embers of the Jones Lang LaSalle team – Malloy, Collins Ege, John Kevill and Sean McDermott – completed the sale. According to the Washington Business Journal, the deal for $262 per square foot was made completely in cash.

According to tax returns reported by the Washington Business Journal, the buildings previously traded for $73.3 million in 2004.

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