Skanska divests the office building 99M in Washington, DC, USA, for USD 163 M, about SEK 1.5 billion
Skanska divests the office building 99M in Washington, DC, USA, for USD 163 M, about SEK 1.5 billion, to an affiliate of Polinger Development Co. The transaction will be recorded by Skanska USA Commercial Development in the fourth quarter 2019. The transfer of the property is expected to occur in the first quarter 2020.99M is an 11-story, 21,700 square-meter (234,000-square-foot), LEED Gold certified office building in Washington D.C. It is 87 percent leased. Office tenants include Common Grounds, Pyxera Global and Give Campus. In addition to ground floor retail the building offers