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What's Happening At 370 L’Enfant Promenade

When it acquired the 405,000-square foot building last year the company vowed to launch an aggressive leasing initiative once the improvements were complete.

370 L’Enfant Promenade

WASHINGTON, DC–Last year The Georgetown Co., based in New York City, and international real estate investor Meadow Partners, 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, which was 70% leased to tenants at that time.

To stay competitive with newer buildings in the area, Georgetown Vice President Peter Armstrong told GlobeSt.com at the time that the company planned to aggressively lease the remaining space once planned renovations are made to the property.

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Erika Morphy

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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