Mitsui Fudosan America, Inc. Enters Joint Venture with Developer Akridge on Downtown D.C. Project
New York, NY
Mitsui Fudosan America, Inc. (MFA), the U.S. subsidiary of Japan’s largest real estate company, Mitsui Fudosan Co., Ltd., today announced the formation of a joint venture with Akridge, a comprehensive real estate services firm. Under the terms of the agreement, MFA will acquire a substantial stake in the planned 12-story, 300,000 square foot office building to be constructed at 700 Sixth Street in downtown Washington, D.C. The Akridge Office Fund will also be an equity investor in the development. Financial terms were not disclosed.
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