Source: WASHINGTON BUSINESS JOURNAL

Somerset Partners: Is 1801 K St. trading for $440 million?

Somerset Partners, which acquired 1801 K St. NW eight years ago, may have a buyer for the 563,000-square-foot office building. South Korea's Mirae Asset Financial Group has been in discussions with Somerset about acquiring 1801 K St. for $440 million, GlobeSt.com reports. That works out to $780 per square foot, well off the pace of 2013's best per-foot price of $886 when Fosterlane bought 1200 19th St. NW. The all-time high was set in May of this year when Morgan Stanley's Prime Property Fund…

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