Commercial National Bank Building (223,292 SF) Sells for $50.4M in DC

SaleOfficeWashington, DC (Downtown / East End / West End / Georgetown)

Reported Oct 20, 2026 · Source: CRE News

Source: CRE NewsRead the full report at CRE News ↗

Deal details

Buyer
a venture led by Taicoon Property Partners
Seller
Elecor Properties (lender-controlled sale)
Price
$50.35M
Size
223,292 SF
Price per SF
$225 per SF (our calculation)
Asset class
Office
Transaction
Sale
Sub-market
Washington, DC (Downtown / East End / West End / Georgetown)
Metro
Washington, DC
Reported date
Oct 20, 2026

Summary

A venture led by Taicoon Property Partners has paid $50.35 million, or $225.49/sf, for the 223,292-square-foot Commercial National Bank Building in Washington, D.C. The local investor acquired the historic office property from Elecor Properties of New York in a lender-controlled sale. Source: CRE News.

Summarized from the article; the quoted lines below are from the article itself.

Source: CRE News

Read the full report at CRE News. What the article says:

  • Deal / Price / Size / Buyer / Seller
    Washington Business Journal A venture led by Taicoon Property Partners has paid $50.35 million, or $225.49/sf, for the 223,292-square-foot Commercial National Bank Building in Washington, D.C. The local investor acquired the historic office property from Elecor Properties of New York in a lender-controlled sale. Elecor, formerly Paramount Group, had paid $183 million for it in […]

Article date: 2026-10-20T20:15:35+00:00

Frequently asked questions

How much did Commercial National Bank Building sell for?
The reported price is $50.35M ($225 per SF, our calculation), per CRE News.
Who sold Commercial National Bank Building?
The seller was Elecor Properties, per CRE News.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.