Smithsonian’s $254 Million Acquisition of Capital Gallery Complex

Kutak Rock LLP advised the Smithsonian Institution on the deal.

The Smithsonian Institution has acquired the 318,557-square-foot West Tower of the Capital Gallery office property in Washington, D.C. for $254 million. The U.S. government entity, which operates 19 museums and nine research centers, will use the building as its new headquarters.

Located at 600 Maryland Ave. S.W., the 10-story glass building makes up just over half of the two-building property, which totals 631,029 square feet of Class A office space. Smithsonian also acquired four floors of the eight-story East Tower.

The Kutak Rock team included Seth Kirshenberg (Picture), Hans Ipson and Sisera Daniel.

 

 

Involved fees earner: Sisera Daniel – Kutak Rock; Hans Ipson – Kutak Rock; Seth Kirshenberg – Kutak Rock;

Law Firms: Kutak Rock;

Clients: Smithsonian Institution;

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Martina Bellini

Author: Martina Bellini