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Meridian Adds to Its Growing Stable of DC Assets With $100M Deal

ROSSYLN, VA--Meridian Group buys International Place, months after it acquired 1400 L St., NW in the District.

By Erika Morphy | erikamorphy | | Updated on June 13, 2016
International Place International Place

ROSSLYN, VA–The Bethesda, MD-based Meridian Group has made another acquisition in the area, months after it picked up 1400 L St., NW and announced it would invest $16 million in renovating its $69 million purchase.

Its newest purchase is International Place, a 12-story, 293,539-square foot office building located at 1735 Lynn St., in Rosslyn, Va., that it reportedly acquired for slightly more than $100 million. The seller is Boston-based Beacon Capital, which was represented by Bill Collins and Paul Collins at Cushman & Wakefield.

As it is doing with 1400 L St., NW, Meridian is planning to renovate the building, which has already undergone a recent $4.4 million round of improvements including the addition of a fitness center and conference center. Meridian plans to upgrade the building’s lobby and other common areas.

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