Friday, August 4, 2017

Sagamore Development sells prime Georgetown building in record deal

Sagamore Development, the private real estate arm of Under Armour Inc. CEO Kevin Plank, has sold a prime building in Washington, D.C.’s Georgetown neighborhood to Capital One NA for a whopping $50.2 million. Sagamore bought the building at the corner of Wisconsin and M streets NW in 2014 for a reported $12.2 million, though deed records are mysteriously quiet on the actual sale price. Capital One’s (NYSE: COF) purchase may well be a record for a commercial property sale in D.C. With 3150 M St.…


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