Workbox is getting into the Washington, D.C., market with a 29,000-square-foot coworking area at 1333 New Hampshire Ave. NW in Dupont Circle. The brand new location is scheduled to open in February of 2025.
The workplace constructing is a 360,000-square-foot property that The Meridian Group has owned since 2018. The corporate purchased the asset for $136.5 million from BXP Inc. (previously Boston Properties), in line with CommercialEdge knowledge. In 2021, the constructing was topic to a 10-year $187.7 million mortgage originated by KKR & Co. Inc.
Ongoing enlargement
Accomplished in 1978 and renovated in 1999, the Class A property in Dupont Circle rises 12 tales and consists of first-floor retail area and underground parking. Workbox will occupy a complete ground that options places of work, lounges and convention rooms for as many as 40 individuals. One of many property’s largest tenants is American Bankers Affiliation, which at present leases greater than 80,000 sq. toes, the identical knowledge supplier reveals.
Situated within the Golden Triangle Enterprise District, the workplace constructing is straight throughout from the Dupont Circle Metro Station, inside 1 mile of the White Home and a few 2 miles from Embassy Row.
The lease in D.C. marks the corporate’s twelfth coworking location nationwide. Earlier this month, Workbox launched a versatile workplace area in Pittsburgh. Slated to open in January 2025 at One PPG Place Tower, this 23,000-square-foot location is the corporate’s first coworking area within the Metal Metropolis. Workbox will occupy the whole thirty first ground inside the 40-story constructing.
