Wednesday, 5 December 2018

WeWork, local partner buy DC office building for $137M

A WeWork-affiliated real estate fund is buying a Washington, D.C. office building in partnership with Meridian Group for $136.5 million. WeWork Property Advisors, which WeWork manages with private equity firm Rhone Group, is contributing 50 percent of the equity, Bisnow reported. The 350,000-square-foot building at 1333 New Hampshire Avenue NW in Dupont Circle is currently occupied by law firm Akin Gump Strauss Hauer & Feld, which will be moving out. The seller is Boston Properties. […]



source https://therealdeal.com/2018/12/05/wework-local-partner-buy-dc-office-building-for-137m/

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