Equity Commonwealth has completed the sale of 1250 H Street, a 196,000-square-foot office property located in Washington, D.C., for $27.5 million.

The Chicago-based real estate investment trust (REIT) was once led by late billionaire real estate investor Sam Zell. The REIT had previously announced plans to wind down after pressure from activist investors to return cash to shareholders.

Equity Commonwealth is currently winding down its operations and liquidating its remaining office assets. In addition to the H Street property in D.C., the REIT also had assets at 17th Street Plaza in Denver, Bridgepoint Square and Capitol Tower, both of which are in Austin, Texas. Equity Commonwealth will distribute proceeds from the office sales as they are executed.

1250 H is a Clan 11-story office building located in the East End submarket of D.C. that features a newly constructed conference center and fitness facility, rooftop terrace, and a 3-level subterranean parking garage.

The Wake County Board of Alcoholic Beverage Control (ABC) has purchased an industrial building in Garner at 600 S. Greenfield Parkway for $27.5 million.

Wake County ABC’s current footprint is 8,000 square feet of office space and 70,000 square feet of warehouse space. The move will more than double the space for its offices and alcoholic products. The new warehouse will be used for stocking the shelves of Wake County ABC’s  26 stores around the county. 

The Triangle Business Journal reports the Wake County ABC purchased the empty 160,000-square-foot warehouse located in southeast Garner, one of three new industrial buildings on the site. As the building goes through its full buildout, it’ll be at least a year and a half before Wake County ABC employees — including administrative and office employees — move to the new location. The Wake County ABC has 300 employees.