The Washington Business Journal recognized CoStar Group’s leaseback of its Washington headquarters building at 1331 L Street NW as the Best Real Estate Deal of 2011 in the Urban Office Sale category, according to MarketWatch. The 169,429sf Class A building sold for $101 million ($596.12/sf) on February 18, 2011 to Munich-based GLL Real Estate Partners GmbH with CoStar remaining as the tenant.

CoStar purchased the building in 2010 for $41 million ($243/sf). At the time, the market median for such a building was $518/sf. The 2010 purchase was also recognized as the Best Real Estate Deal in Urban Office Sale in that year by the Washington Business Journal.
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Last Updated on May 1, 2012 by Ramin Seddiq