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A Connecticut Avenue building has changed hands again, this time at a bargain.
Washington-based real estate investment trust Penzance Cos. partnered with Greenstreet/Niosi Capital Partners (GNCP), out of New York, to buy the Class A building at 1130 Connecticut Ave. NW for $66.3 million.
The 12-story, 219,000-square-foot building across the street from the Mayflower Hotel last changed ownership when California-based Freemont Properties (www.freemontproperties.com) bought it from Acquiport Four...