Coast Guard Headquarters Building Sold

WASHINGTON – GSH (Global Securities House), a Kuwait-based real estate advisory firm, announced today the sale of the Transpoint Building. Located at 2100 2nd Street, S.W., Washington, D.C., Transpoint is a 600,000 square foot, seven story office building leased 100% to the United States Government on behalf of the U.S. Coast Guard. The property was acquired by clients of GSH in January of 2004.

“We are delighted with the successful disposition of 2100 2nd Street, on behalf of our investor clients. We enjoyed a close working relationship with our tenant, the U.S. Coast Guard, for the past three years, and would welcome the opportunity to again serve as landlord to the U.S. government,” said Fahed Boodai, Director of GSH. “Thanks are due as well to Tishman Speyer, for their extraordinary day-to-day oversight and partnership throughout our period of ownership.”

GSH and Arch Street Capital Advisors, L.L.C., a Greenwich, CT-based real estate advisory firm served as advisors on the transaction.

Source: Arch Street Capital Advisors, L.L.C.

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