WASHINGTON, DC-Monument Realty has sold the last condo available in its 2055 L St., NW building to The Endocrine Society. The condo, at 33,500 square feet, takes up the entire sixth floor. Glenn Meltzer and Mark Ezra of The Ezra Company represented Endocrine. Doug Olson of Monument represented the landlord/seller.

2055 L St., a 240,000 square foot building built in 1963 and previously owned and occupied by Verizon, is proof that the DC market -- in certain circumstances -- does have a demand for office condos.

In December 2010, Verizon sold Monument a condominium unit comprised of the top three floors, the parking garage and 2,800 square feet of ground floor retail. Verizon kept the bottom four floors for its own use. Monument then created multiple sub-condominium units within its unit and in 2012 added the 8th floor to the building.

Other condo owners in the building include the National Restaurant Association and the Center for Global Development. NRA owns and occupies 60,000 square feet of office space on the 7th and 8th floors plus the ground floor retail space and CGD owns and occupies the entire 5th floor.

Earlier this year we reported that Monument had the last condo under LOI. Doug Olson, principal of Monument told GlobeSt.com at the time that one reason companies were interested in this space is the building's large floor plate sizes, which are about 34,000-square feet. “It's a corner building, glass on three sides and we renovated the building. That, plus the attractive floor plate sizes, is what made it so successful."

Instant Insights /

Monument Realty Closes Out 2055 L Street

Related Stories

Recommended For You