Commercial Real Estate Direct Staff Report Meridian Group partnered with WeWork Property Advisors on the $136.5 million, or $433/sf purchase of the 315,371-square-foot office building at 1333 New Hampshire Ave. NW in Washington, D.C. As part of the transaction, WeWork will lease more than 100,000 sf at the property. As reported, Boston Properties Inc. sold the property in a deal brokered by Eastdil Secured. Meridian is a Bethesda, Md., investment manager, while WeWork Property Advisors is an investment fund that WeWork Cos. formed this year. Each owns a 50 percent stake in the 12-story building, which Boston... “The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains: Sign Up for a Trial
Maryland -based investment manager Meridian Group and WeWork have partnered on a $ 315,371 m deal to buy a 136 sq ft office building located at each week New Hampshire Avenue , NW in Washington DC . The companies will each own a 50% stake in the 12-storey property, with WeWork Property Advisors leasing more than 100,000 sq ft of the space.