Garfield Investments, Broad Creek Capital Acquire Navy Yard Office Building for $28M
Garfield Investments, led by veteran Washington, D.C. real estate investor and developer John B. Mason, has partnered with Broad Creek Capital to acquire 300 M Street SE, a prominent 285,000-square-foot office building in the heart of the Navy Yard submarket.
The eight-story building, which occupies an entire city block, is conveniently located just two blocks from the Navy Yard Metro Station. It sits directly across from the Washington Navy Yard and the U.S. Department of Transportation, making it a strategic location for businesses serving federal agencies and defense contractors.
The transaction was brokered by Bradley Allen of Eastdil Secured.
“Our investment reflects our confidence in the long-term demand for office space tailored to U.S. Navy contractors and the defense industry as a whole,” said John B. Mason, Founder and CEO of Garfield Investments.
Greg Tomasso of Avison Young, who will oversee leasing efforts at the property, added, “The Washington Navy Yard, home to the Chief of Naval Operations (CNO) and NAVSEA command, continues to attract major defense firms servicing the U.S. Navy. Garfield Investments and Broad Creek Capital recognized the long-term potential in this asset.”
The purchase price for the building was reported at $28 million.
