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An affiliate of Duball has purchased a 190,385-square-foot, Class B office building with plans to convert the property into a 161-unit multifamily community. A subsidiary of BrightSpire Capital sold the Longfellow Building in Washington, D.C., for $21.5 million. JLL Capital Markets represented the seller.
BrightSpire took ownership of the 1941-built property at a foreclosure auction in November 2023 for $21.1 million, Bisnow reported. Coworking company Expansive previously owned the building prior to the foreclosure, which traded for $73.6 million in 2019, Yardi Matrix data shows.