1901 L St., NW 1901 L St., NW

WASHINGTON, DC–The Meridian Group has acquired 1901 L St., NW for $75 million with plans for a major renovation of the eight-story building. New York Life sold the 132,372-square foot building off market.

Meridian plans to add three new floors to the top of the building as well as a new lobby, a new façade, and new HVAC and elevator systems, tenant-only indoor-outdoor penthouse space, fitness center, and conference center.

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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.

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