1350 Eye Street NW Update 03/11/21

Downtown Office Building Sold for $120.5M at Auction

1350 Eye Street sold for $120.5M to MetLife Investment Management at auction on Wednesday.  The 12-story, nearly 400,000 square foot building was originally constructed in 1989. The property was put up for auction after MetLife, the primary debt holder, filed a foreclosure notice alleging Edge Funds, defaulted with an outstanding balance of $171M.

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