NPR PURCHASES D.C. WAREHOUSE FOR NEW HEADQUARTERS

WASHINGTON, D.C. — Washington, D.C.-based National Pubic Radio (NPR) has acquired a 165,000-square-foot historic warehouse building in Washington, D.C.’s NoMa district, from Washington, D.C.-based J Street Development, with an institutional partner, for an undisclosed amount. NPR plans to move its headquarters to the building, with occupancy projected for 2012. NPR will keep the building façade and portions of the structure in place and add a 10-story office tower, slated to begin construction in September 2009. The headquarters will include a 60,000-square-foot broadcast and multimedia operations area and a public space for live shows and events. Vernon Knarr, Art Greenberg, Julie Rayfield and David Perlstein of Studley’s Washington, D.C. office represented the buyer, and the seller was represented by Nick Pappas of Eastdill Secured’s Washington, D.C. office. The property is located at 1111 North Capitol St. N.E.