American Bankers Association and Patient-Centered Outcomes Research Institute will relocate to transformed Dupont Circle building owned by The Meridian Group
The Meridian Group announced today that 1333 New Hampshire Avenue in the heart of iconic Dupont Circle has secured two anchor tenants together leasing more than half of the 350,000-square-foot building, which is in the final stages of a major renovation. The tenants are the American Bankers Association and the Patient-Centered Outcomes Research Institute (PCORI).
ABA, which is moving its headquarters to 1333 New Hampshire Avenue from 1120 Connecticut Avenue, will lease three floors and its employees will enjoy access to all the new amenities the building offers. ABA will lease a total of 87,183 square feet and plans to move in November 2022.
PCORI evaluated multiple options throughout the DC region before selecting 1333 New Hampshire Avenue to be its new headquarters. Consolidating multiple DC office locations into one building, PCORI will lease 96,092 square feet on three-and-a-half floors, including a conference facility and expanded space for its workforce, beginning in Spring 2022.
“We are proud that these two top organizations chose 1333 New Hampshire Avenue over so many other options in the DC area,” said Katie Yanushonis, Senior Vice President of The Meridian Group, the real estate investment and development firm that purchased the building in 2018 and spearheaded the renovation. “We have transformed this building into a premier office experience, one that is ideal for enterprising organizations with an eye toward the future.”
Meridian’s transformation of 1333 New Hampshire Avenue includes the addition of a dynamic rooftop conferencing facility and entertainment space, outdoor terrace, redesigned lobby and state-of-the-art fitness center. The rooftop terrace boasts sweeping 360-degree views of the nation’s Capital, Virginia and Maryland.
“We are excited about ABA’s new location and the opportunity to serve our members in an updated, modern office,” said Rob Nichols, ABA President and CEO. “Our new headquarters will offer everything we wanted in a new location, from incredible panoramic views to a dynamic urban location, convenient for our employees and guests alike.”
1333 New Hampshire is Meridian’s most recently delivered repositioned office building following the openings of Anthem Row, 1901 L Street, and 1400 L Street over the last two years. The 350,000-square-foot office building is situated at a key transportation hub, across the street from the Dupont Circle Metro station.It is a freestanding building that features four sides of window line, a premium amenity package with one of the best rooftop experiences in DC. The renovations also include retail storefronts and secured bicycle storage.
Meridian designed and began the renovation before the onset of the COVID pandemic which presented unique challenges in appealing to adapting tenant demands including a heightened focus on wellness.
“Prior to the pandemic, we had made a commitment to providing building environments that prioritized occupant wellness — perhaps best demonstrated by 1901 L Street, which was the first WELL certified office building in DC in the first quarter of 2020,” said Wil Machen, Senior Vice President of The Meridian Group. “The pandemic accelerated the wellness focus among tenants and we modified our mechanical system design to accommodate the specific demands of both PCORI and ABA in order to ensure we met their post-pandemic expectations.”
Significant HVAC upgrades include post-pandemic technology such as new ultraviolet air-filtration units, new digital EMS systems and MERV-13 filtration. Further demonstrating Meridian’s commitment to wellness in its buildings, it was among the first in the DC region to receive the Fitwel Viral Response Module certification and received the highest score in the country. It has now earned the certification in every building in its portfolio.
The JLL leasing team led by led by Evan Behr, Doug Mueller and Thomas Myers represents The Meridian Group. PCORI was represented by its strategic partners, Gary Schlager and Ganon Rich of West, Lane & Schlager Realty Advisors. ABA was represented by Manny Fitzgerald and Harry Stephens of CBRE.
“The market is just so competitive today,” noted Evan Behr, Executive Managing Director, JLL. “Meridian’s unique vision and superior execution on 1333 New Hampshire were very clearly appreciated by the PCORI and ABA teams and is clearly the ultimate testament to the building’s unique location and incredible amenities.”
The building is now 73 percent leased. Available space includes two remaining upper full floors as well as newly renovated, attractive move-in-ready suites on the fourth floor.
ABOUT THE MERIDIAN GROUP
The Meridian Group is a real estate investment and development firm based in Bethesda, Md. Since its inception in 1993, Meridian has acquired and developed more than 14 million square feet of office, residential, hotel, mixed-use, and land with a focus on the metropolitan Washington, DC market. To learn more, visit Meridian’s website at www.tmgdc.com.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
