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Comstock Holding acquires DC-area office building

Jan. 06, 2020 4:42 PM ETComstock Holding Companies, Inc. (CHCI) StockCHCIBy: Liz Kiesche, SA News Editor
  • Comstock Holding (NASDAQ:CHCI) acquires the Hartford Building on an all-cash basis in a joint venture between CHCI and Comstock Partners, an affiliated, privately held company.
  • The nine-story, 211,450-square foot class A office building is located adjacent to the Clarendon Station on Metro's Orange Line in Arlington, VA; it's currently 90%+ leased to multiple tenants.
  • The Hartford Building is the fourth office building acquired by Comstock and its affiliated companies in 2019, increasing total capital deployed for the acquisition of existing, transit-oriented assets to ~$250M for the year.

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