Meridian Group JV buys D.C. office property for $137m

The Meridian Group has acquired an office property in Washington, D.C., for $136.5 million. The property, located at 1333 New Hampshire Ave. NW in Dupont Circle, was acquired from Boston Properties.

The firm purchased the property through a joint venture with affiliates of WeWork Property Advisors. Affiliates of WeWork Property Advisors plan to contribute 50 percent of the equity, according to news sources.

The building is 84 percent leased by law firm Akin Gump Strauss Hauer & Feld.

Meridian has plans to renovate the property.