BXP (BXP) said Tuesday it completed the acquisition of 725 12th Street, a 12-story property in the East End of Washington, DC, for $34 million.
The company said it plans to demolish and redevelop the 12-story building into a 320,000-square-foot workplace.
BXP said it has executed an about 150,000-square-foot lease with law firm McDermott Will & Emery and is in negotiations with another tenant for the majority of the remaining space.
Price: 71.11, Change: -0.88, Percent Change: -1.23
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.