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HomeContractingSkanska acquires 25 M St. S.E. site for $30 million

Skanska acquires 25 M St. S.E. site for $30 million

Swedish contractor Skanska says it has acquired about 3,000 sq. m. (about 32,290 sq. ft.) of land in Washington, DC. for $30 million. The seller is Brandywine Realty Trust.

The site at 25 M St. S.E., is located south of the United States Capitol and within close proximity to notable retail, dining, and entertainment establishments such as Nationals Park. This acquisition marks Skanska’s tenth commercial venture in Greater Washington, DC metro area, and one of the few remaining opportunities for a core development site near the Capital Riverfront.

Since 2009, Skanska USA Commercial Development has invested more than $3 billion in commercial and multi-family projects, creating more than 1 million sq. m. of sustainable and community focused developments in select U.S. markets.

Mark Buckshon
Mark Buckshonhttps://washingtonconstructionnews.com
Mark Buckshon is the publisher and interim editor of Washington Construction News. He is also president of the Construction News and Report Group of Companies. He combines a journalism and business background, and has published construction trade publications for more than 30 years, after an earlier career in journalism, which culminated when he lived through the transition from Rhodesia to Zimbabwe in 1978-80 as a sub-editor for the Bulawayo Chronicle and a correspondent for a Canadian news service.

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