JV purchases office in Washington, D.C., to redevelop
A joint venture between Lincoln Property Co. and Cadillac Fairview has acquired 1313 L Street, an 84,040-square-foot office building positioned in the East End submarket of Washington, D.C. The site is entitled for 180,000 square feet of density.
The National Association for the Education of Young Children (NAEYC) selected JLL Capital Markets to represent it in the sale of its headquarters building.
The joint venture will redevelop the site into a class A apartment project.
1313 L Street has an irreplaceable location in the heart of Washington, D.C.’s live-work-play environment and is situated just minutes from Midtown Center, the 14th Street Corridor, Logan Circle, Dupont Circle and Shaw. Additionally, the property is walkable to all six Metrorail lines and has excellent multi-modal access to major c