NoMa Office Building Sells For $202M

Boyd Watterson Asset Management has acquired an office building in NoMa, the investor’s sixth D.C.-area acquisition in the last three years.
ASB Real Estate Investments announced Friday it sold the office building at 64 New York Ave. NE to Boyd Watterson for $201.75M. The Bethesda-based private equity investor disposed of the building as part of its $7.4B Allegiance Real Estate Fund, and it said it is part of a larger portfolio restructuring plan. 
“Emerging from the pandemic-generated recession, ASB has seized on an excellent opportunity to execute on our ongoing strategy to trim portfolio exposure in office and retail and redeploy capital into industrial and…

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