Watergate office building to be sold

The Watergate office building, home of the infamous break-in that led to President Richard M. Nixon's resignation, is under contract to be sold to District-based private equity real estate investor Penzance Cos., according to two sources familiar with the deal.

The deal is expected to close later this fall according to the sources, who spoke on the condition of anonymity because the sale has not been completed.

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Jerry Markon 21 Sep, 2011


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Source: http://feeds.washingtonpost.com/click.phdo?i=ee18275e279ad53a8123f054584226d7
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