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May 30, 2018  

REIT Markets DC Repositioning Play

Boston Properties is pitching a soon-to-be vacant office building in Washington’s Dupont Circle as a repositioning play.The 386,000-square-foot property, at 1333 New Hampshire Avenue NW, is expected to fetch roughly $150 million. The Boston REIT has given the listing to Eastdil Secured.The 12-story building is 84% occupied, but its sole office tenant, law firm Akin Gump, will exit next August. There is also street-level retail space leased...

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