Feb
02
Downtown Washington Office Asset Changes Hands for $75M
ByThe new owner plans major interior and exterior renovations, which will increase 1901 L Street NW’s size to 206,000 square feet.
Washington, D.C.—The Meridian Group recently announced that it has acquired an eight-story, 132,372-square-foot office building in the central business district of Washington. 1901 L Street NW was bought off market from New York Life for $75 million.
Meridian plans major renovations, including three new floors, a new lobby, a new façade, new HVAC and elevator systems as well as an exclusive tenant-only indoor-outdoor penthouse space, fitness center and a conference center. Fox Architects will lead the revamp, and upon completion, the size of the asset will increase to 206,000 square feet…
