Paul Hastings LLP advised PRP Real Estate Investment and Morning Calm Management in connection with the company’s $323 million acquisition of the marquee Market Square office complex in Washington D.C.  The deal represents the largest sale of office space in Washington D.C. in 2024 thus far.  Market Square is a two-building property located on Pennsylvania Avenue, and houses government affairs offices of numerous Fortune 500 companies, including Visa, Pepsi, Cigna, Prudential, and UnitedHealthcare.

Real estate partner Sam Alavi led the Paul Hastings team, which also included associates Lee Cumberland and Jessica Marfut.

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.