Meridian Group Buys 1901 L St NW For $75M From New York Life
1901 L St. NW
The Meridian Group has acquired a CBD office building for $75M with plans for a major renovation.
The investment firm bought 1901 L St. NW, a 132k SF office building, from New York Life. The building is 75% leased to 15 office tenants and two retail tenants, Sweetgreen and Staples. Meridian plans to add three additional floors on top, bringing the building to 206k SF. Its renovation will also include a new lobby and façade and new HVAC and elevator systems.