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George Washington University buys building near DC campus for one-third of past sale price

Academic institution developing long-term plan for office property on Pennsylvania Avenue

The 2001 Pennsylvania Ave. NW building last sold in 2014 for nearly $108 million. (CoStar)
The 2001 Pennsylvania Ave. NW building last sold in 2014 for nearly $108 million. (CoStar)

George Washington University has purchased an office building close to its Washington, D.C., campus for less than a third of the price it previously sold for as the school grows its portfolio near the Foggy Bottom neighborhood.

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