Carr Properties’ sale of 1255 23rd St. NW

Stroock represented private real estate investment trust Carr Properties in the deal

1255 23rd St. NW is a 341,000-square-foot West End office building with multiple tenants, including the Humane Society of the United States. Carr entered into a joint venture in 2011 to purchase the building. Extensive renovations and upgrades were performed on the building, including a new tenant amenity space, outdoor plaza and other common area improvements. After completing the improvements, Carr signed more than 269,000 square feet of leases at the property.

Carr Properties is a real estate investment trust. The firm engages in the acquisition, development, renovation, repositioning, ownership, management, and operation of commercial office properties. The company, led by Oliver T. Carr III, John A. Schissel, Daniel P. Dooley , John M. Novack and Clinton D. Fisch,  primarily invests in real estate markets of the United States with a focus in the Greater Washington, D.C. It also provides asset management services to related parties for office buildings and hotel properties.

The Stroock real estate team for the 1255 23rd St. NW transaction included partners Jeff Keitelman (Picture) and Steven Moskowitz; special counsel Joseph Miller; and associates Kelly Booker and Logan Wyman.

 

Involved fees earner: Jeffrey R. Keitelman – Stroock; Steven Moskowitz – Stroock; Joseph Miller – Stroock; Kelly Booker – Stroock; Logan Wyman – Stroock;

Law Firms: Stroock;

Clients: Carr Properties;

 

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Author: Ambrogio Visconti