Johns Hopkins University to Purchase Newseum for $373M

Johns Hopkins University will relocate graduate programs to the Newseum building at 555 Pennsylvania Ave., which is steps from the U.S. Capitol and the National Mall.

WASHINGTON, DC—Johns Hopkins University has agreed to acquire the Newseum building at 555 Pennsylvania Ave. here from the Freedom Forum for $372.5 million and will consolidate graduate school programs currently housed at four buildings near Dupont Circle into the property.

The university states that if the purchase deal closes, it will transform the building into a modern, world-class interdisciplinary academic facility anchored by JHU’s School of Advanced International Studies. Johns Hopkins intends to relocate its D.C.-based graduate programs and more than 3,000 students to a single campus at the more than 600,000-square-foot building that it says will ill create new opportunities at SAIS, the Carey Business School, the School of Nursing, and the Krieger School of Arts and Sciences’ Advanced Academic Programs.