The building and the one-fifth-acre parcel it occupies have acurrent assessed value of nearly $7.2 million, according toDistrict real estate records. The 1920s-era structure sits threeblocks north of the White House.
Akridge just took over property management and leasingresponsibilities at the building yesterday. It plans to renovateand reposition the building, and market the space as for-saleoffice condominium units. Akridge will also consider selling entirefloors or the entire building.
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