Womble Carlyle Real Estate Team Serves as Lead Counsel on Deal That Nets WBJ Best Real Estate Award Second Year In A Row
By: The Womble Carlyle Team
It’s a good real estate buy when the Washington Business Journal gives an award for it. It’s an even better deal when they give a second award for selling it, too.
Last year the Business Journal named CoStar Group’s purchase of 1331 L Street N.W. the 2010 Best Real Estate Deal in the Urban Office Sale category. CoStar Group won the award again this month for the sale of the property.
What made the deal so remarkable? With a Womble Carlyle real estate team serving as legal advisors in both deals, CoStar snagged prime real estate in the nation’s capital in 2010 for less than half the market rate. CoStar also negotiated a $6.1 million property tax abatement package from the D.C. City Council.
