NFL Players Association Buys Office Building for $47M

WASHINGTON, DC-An approximately $46.9-million deal has left the NFL Players Association and NFL royalties division Players Inc. in possession of 1133 20th St. NW. The NFL entities acquired the 118,000-sf office building from the St. Joe Cos., which had owned the property since purchasing it in 2001 for $27 million.

A 20-year-old structure, 1133 20th St. sits about four blocks from George Washington University. According to St. Joe’s Second Quarter 2005 Earnings Report, the building was 99% occupied. The transaction will allow the NFL groups to sell and relocate from their current building nearby at 2021 L St. NW, assessed at $9.9 million, according to District real estate records. The eight-story structure at 1133 20th St. and the nearly half-acre parcel it occupies have a combined current assessed value of $29.8 million.