Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial, Inc. has purchased 500 Eighth Street NW from Boston Properties for $318 million ($977.38/sf), according to the Washington Business Journal.

Built in 2007, the ten-story, 325,361sf Class A office building located in DC’s East End includes 18,663sf of retail space and a three-level parking with 284 covered spaces (ratio of 0.87/1,000sf).

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500 Eighth Street NW – Photo: DTZ

Last Updated on September 23, 2015 by Ramin Seddiq