How Georgetown Co. Plans To Position L’Enfant Promenade

370 L’Enfant Promenade

WASHINGTON, DC–The Georgetown Co., based in New York City, and international real estate investor Meadow Partners, have partnered for the first time to buy a property in the southwest submarket of the District: 370 L’Enfant Promenade. They paid $127 million for the 10-story, 405,000 square foot office, according to news accounts.

The building is currently 70% leased to tenants, including Accenture, Battelle, the Smithsonian Institution and the Federal Aviation Administration. Recently the Federal Bureau of Prisons signed a 113,000 square foot lease for the agency’s administrative offices and is expected to move into their space in early 2018.