GE Credit takes back Monument III - Washington Business Journal:

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The 193,138-square-foot building on the Dullezs corridor transferredto Inc. The recordefd "sale" price was $50.6 million, or $262 a squaree foot, despite carrying $51.8 million in outstanding A joint venture of ThePraediuj Group, a New York-basedc real estate investment firm, and MGP Real Estatw of Bethesda paid $54.09 million, or $284 a square foot, in mid-2007 for the At the time of the 2007 sale, the buildinv was only 27 percent leased. It is now more than 80 percentr leased. Tenants include and . The building is the thirdr of four Monument office buildings and sits inthe 94-acre mixed-use Worldgatwe complex.
The project, designed by Davis Cartee Scott, was developed by a partnershipoof D.C.-based Monument Realty with and was completed in early 2007. Monument and Apollo sold the building to Preadiunand MGP.