Several L’Enfant Plaza mixed-use properties totaling more than 887K SF were purchased by their lender at a foreclosure auction this week.

New York-based Blackstone Mortgage Trust acquired the properties for $83.7M, the Washington Business Journal reported. The price was less than a quarter of their last appraisal value of $365.6M.

JBG Smith was the prior owner of the properties at 437, 470, 490 and 955 L’Enfant Plaza SW.

The sale took place at Alex Cooper Auctioneers Wednesday. There were no other bidders. The portfolio also includes a large retail component and food court, according to the WBJ. Several garages and the air rights were also included.

SALES

A partnership between development firms Blue Sky Housing and Evergreen Urban purchased an 18K SF building at the Parks at Walter Reed with plans to redevelop it into a hardware store and café. The firms purchased the property, which had been used as the nurses’ quarters at the hospital campus, for just over $3M, according to D.C. deed records. A spokesperson for the developers told Bisnow the seller was the master developer of the 66-acre redevelopment — a partnership of Hines, Urban Atlantic and Triden Development Group.