Watergate Office Building Sold
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The Watergate office building that was the site of the infamous burglary in 1972 of the Democratic National Committee (search) office has been sold.
BentleyForbes LLC (search), a Los Angeles real estate company, announced it paid $86.5 million to Trizec Properties Inc. of Chicago for the 11-story Watergate office building and 61,000 square feet of nearby retail space, The Washington Post (search) reported in Tuesday's editions.
The office tower is part of six-building Watergate complex constructed in 1960s and 1970s along the Potomac River and near the Kennedy Center.
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The burglary at the Watergate set off the scandal that brought down President Nixon (search) two years later after a lengthy investigation that led to congressional hearings, prosecution of Nixon aides and eventually — Nixon's resignation in August 1974.