4000 Brandywine St., NW
WASHINGTON, DC—American University has sold three class C office buildings in Tenleytown to the locally-based developer Urban Investment Partners for $45 million. UPI plans to gut and renovate two of the properties into apartment buildings, investing another $75 million in these buildings, all of which are currently occupied.
4000 Brandywine St., NW, a 38,396-square foot office known by many as the WAMU Building, is one of the buildings that will be redeveloped into an apartment. American University housed its radio station there for years, launching the careers of syndicated talk shows hosts Diane Rehm and Kojo Nnamdi. WAMU moved out in early 2013, and AU has been using the building for administrative offices and classrooms. AU will move out in about nine months.
The second soon-to-be-converted property is the former home of TooJays — a 59,996-square foot building at 4620 Wisconsin Ave., NW, that later became Krupin's Deli and then Morty's. AU moved in after Morty's closed in 2010. It will remain in the space for about a year.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
