A joint venture between BG Ventures and ELV Associates recently acquired 2101 L St NW, a 384,000-square-foot office building in Washington D.C.’s Central Business District. The new ownership has wasted no time in securing a major tenant for the property, as they have just signed a lease with Page Southerland Page – an esteemed design, architecture and engineering firm – for 67,710 square feet of space.
The transaction was facilitated by CBRE’s Carroll Cavanagh , Emily Eppolito and Dimitri Hajimihalis on behalf of the ownership group. Representing Page were Mike Shuler and Nick Fields from Newmark.
Located in one of DC’s most sought-after business districts, the property boasts recently renovated amenities such as a private courtyard, rooftop terrace, conference space and state-of-the-art fitness center. The new owners are committed to further enhancing the tenant experience at this premier location.
Cavanagh commented on the significance of this lease deal happening simultaneously with their acquisition of 2101 L St: “This is proof that well-positioned assets backed by strong capital are highly desirable in our market.” Despite elevated vacancy rates within DC’s office market overall,
there is still high demand for top-tier properties like this one.
