Type: News Releases
(May 3, 2012, Washington, D.C.) – A massive Waterfront Station real estate deal, handled by Edward M. Rogers and Debra Yogodzinski, partners in the Real Estate Group of Reed Smith LLP, was honored as the 2011 “Sales Transaction of the Year – DC” by the Greater Washington Commercial Association of Realtors (GWCAR) at its annual awards event.
Mr. Rogers and Ms. Yogodzinski were among the individuals recognized by GWCAR as instrumental to this high-profile sale.
“We are gratified that this transaction has been recognized as the most significant of last year by GWCAR,” Mr. Rogers said. “It was evident throughout our handling of this matter that it was important not only in terms of its size, but also in terms of its role in transforming this neighborhood and Southwest D.C.”
According to GWCAR, the deal for 1100 and 1101 4th Street is “the largest office sales transaction to ever occur in the southwest submarket of Washington, DC.“ Built in 2010, the two buildings – both of them state-of-the-art, LEED® Gold office and retail structures – total some 640,000 sq. ft. In announcing the deal as the most outstanding of last year, the Association noted that the property “demonstrates the rarity of a waterfront location with access to public transit in the Washington, D.C. market.”
The two buildings sold for $356 million or $557 per sq. ft.
“The recognition of this deal as one of real significance is well deserved,” Ms. Yogodzinski said. “While Southwest D.C. had already proved its ability to attract high-quality tenants, the sale of 1100 and 1101 4th Street demonstrates that this submarket also attracts top investors.”
Ms. Yogodzinski and Mr. Rogers are resident in Reed Smith’s Washington, D.C., office.
Real estate has long been and continues to be a core element in the growth of the firm. The Real Estate Group currently comprises 160 lawyers worldwide, providing global, full-service support for transactions of all types across the United States, Europe, the Middle East and Asia.
About Reed Smith
Reed Smith is a global relationship law firm with nearly 1,700 lawyers in 23 offices throughout the United States, Europe, Asia and the Middle East. Founded in 1877, the firm represents leading international businesses, from Fortune 100 corporations to mid-market and emerging enterprises. Its lawyers provide litigation and other dispute resolution services in multi-jurisdictional and other high-stakes matters; deliver regulatory counsel; and execute the full range of strategic domestic and cross-border transactions. Reed Smith is a preeminent advisor to industries including financial services, life sciences, health care, advertising, technology and media, shipping, energy and natural resources, real estate, manufacturing, and education. For more information, visit reedsmith.com.
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