Dispositions

9 Months Ended

Sep. 30, 2019

Assets Of Disposal Group Including Discontinued Operation [Abstract]

Dispositions

4. Dispositions

Liberty Place

On September 26, 2019, we sold Liberty Place, a 172,000 square foot office building in Washington, D.C., for $154,500,000. In connection therewith, we recognized a gain of $1,140,000, which is included in “gain on sale of real estate” on our consolidated statements of income for the three and nine months ended September 30, 2019. We intend to use the proceeds from the sale to fund our share of the acquisition of Market Center (discussed above).

2099 Pennsylvania Avenue

On August 9, 2018, we sold 2099 Pennsylvania Avenue, a 209,000 square foot office building in Washington, D.C. for $219,900,000. In connection therewith, we recognized a gain of $35,836,000, which is included in “gain on sale of real estate” on our consolidated statements of income for the three and nine months ended September 30, 2018.

425 Eye Street

On September 27, 2018, we sold 425 Eye Street, a 373,000 square foot office building in Washington, D.C. for $157,000,000. In connection therewith, we recognized a gain of $1,009,000, which is included in “gain on sale of real estate” on our consolidated statements of income for the three and nine months ended September 30, 2018.