1333 New Hampshire Ave., NWWASHINGTON, DC–A source tells us that Boston Properties has found a buyer for 1333 New Hampshire, NW: The Meridian Group. The local company is supposedly buying the 10-story, 321,000-square foot building for $140 million, or 436 per square foot.
The property, which is off Dupont Circle, is about 84% occupied but will be fully vacated by Akin Gump next year. The last time it traded was in 2003 for $111.6 million.
In its latest earnings call, Boston Properties executives informed listeners that it was marketing the building.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
