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CoStar Dials Up $101M Sale of HQ Bldg. One Year After Buying it for $41M

Drawing on its Own Extensive Research and Forecasts To Purchase Distressed Asset at Market Bottom, CoStar Leverages Value of Its Building Occupancy, Contracts To Profit from Sale of DC HQs
CoStar News
February 4, 2011 | 2:38 P.M.

In what will almost certainly qualify one of the most successful sale-leaseback transactions since the recession, CoStar Group Inc. (Nasdaq:CSGP) has agreed to sell its headquarters building at 1331 L St. NW in Washington, DC, for aggregate consideration of $101 million in cash to GLL L-Street 1331 LLC, an affiliate of Munich-based GLL Real Estate Partners GmbH.

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