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AXA Acquires Trophy Office Property in Washington, D.C.

Paris, France-based AXA Investment Managers – Real Assets, a major real estate portfolio and asset manager based in Europe, acquired 1401 New York Avenue NW, a 210,000-square-foot office property in Washington, D.C.’s East End. AXA acquired the property on behalf of one of its investment clients. Heitman and Minshall Stewart Properties sold the building for $166.2 million, or about $786 per square foot. AXA acquired a majority interest in the…

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