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Report: Boston Properties selling Washington, DC, office building for $140M

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Report: Boston Properties selling Washington, DC, office building for $140M

Boston Properties Inc. is divesting the 1333 New Hampshire NW property in Washington, D.C., to The Meridian Group for $140 million, GlobeSt.com reported, citing an unnamed source.

The 321,000-square foot property, selling for $436 per square foot, is roughly 84% occupied but will be fully vacant in 2019 when law firm Akin Gump Strauss Hauer & Feld LLP departs, the Aug. 13 report added.

According to Boston Properties' website, the 12-story office building has three street-level restaurants and a two-level below-grade parking garage. The property, located in the Dupont Circle neighborhood, was acquired for roughly $112 million, or roughly $350 per square foot, in 2003.