KanAm Grund markets another Washington office

07/8/2010 | Wall Street Journal, The

German real estate fund KanAm Grund is selling another Washington office: 1899 Pennsylvania Ave., a 186,462-square-foot building in the central business district. The company just sold the Evening Star building for $180 million. "KanAm is capitalizing on the scarcity of product available and striking while the dry powder is hot," says John Kevill, a broker at Jones Lang LaSalle.

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