Bristol Group To Market $300M NOMA Site

WASHINGTON, DC-Bristol Group plans to put on the market within the next 30 days a 6.9-acre site in the North of Massachusetts Avenue submarket. The NOMA market is now perhaps the District’s most active area.

Located just north of the US Capitol and Union Station, the site can accommodate up to 2.6 million sf of total density. It already has an existing 422,760-sf building on it located at 131 M St. NE. The entire package, according to sources, is expected to trade north of $300 million or more.

As is always the case, location is key. “NOMA, now a submarket of Capitol Hill, is one of the last frontiers in the Washington area when you talk about land and when you talk about proximity to the nation’s capitol,” says Nick Pappas, managing director of Eastdil Secured LLC, which is representing Bristol. NOMA is within an eight-block proximity of Capitol Hill, he adds.