Washington, DC

The 50,978-square-foot building— DEA - Upper Marlboro—is a modern, Class A laboratory 100% leased to the GSA and occupied by the DEA, which serves as the DEA's Mid-Atlantic regional laboratory.

Reportedly Northern Virginia, Dallas and New York City are on the company's short list.

Easier access to Capitol Hill and the ability to host members in a vibrant, amenity rich neighborhood were among the reasons, RILA's president said.

“I was not expecting to see such a dramatic increase so quickly,” says the GSE's Laurel Davis.

Originally established in 1974, the property served as a hub of community activity and premier tourism destination for 30 years before being irreparably damaged by Hurricane Ivan.

The deal marks the Washington, DC-based REIT's second investment in Boston following its recent announcement of joining with National Real Estate Advisors and HYM Investment Group to own and develop One Congress, a 1-million-square-foot trophy office tower in Downtown Boston.