Pepperdine University Makes East Coast Purchase
COSTAR GROUP
Pepperdine University acquired the office property at 2011 Pennsylvania Ave. in Washington, DC, for $17.4 million, or about $465 per square foot. The seller, American College of Physicians vacated most of the building. The eight-story, 38,131 square-foot building was constructed in 1967 with renovations in 1986 and 1992. Major tenants include Bayer & Kaufman and George Washignton University.
Paul DeFilippes, Guy d’Amecourt and Gordon Nielsen of Summit Commercial Real Estate represented Pepperdine University.