Sage Capital Advisors, LLC


Investment Sales

900 16th Street NW

Washington, DC

Mr. Duffy negotiated the joint venture between ICG Properties and JBG Smith. This one of a kind site is located two blocks from the White House across from the St. Regis Hotel. Robert A. M. Stern was selected as the architect given the prestige associated with such a prominent location. The building was substantially leased prior to completion to the law firm of Miller and Chevalier. After completion, Mr. Duffy conducted a global marketing campaign including attending meetings in Munich, Germany and Cannes, France. This effort culminated in the sale of the building to a venture between Norges and Oxford. The stabilized cost represents the highest value per square foot ever achieved in Washington D.C.


Property Size
122,000 SQFT
Deal Type
Investment Sale
Deal Size
$150 Million
ICG + JBG Smith
Norges | Oxford