Workbox is entering the Washington, D.C., market with a 29,000-square-foot coworking space at 1333 New Hampshire Ave. NW in Dupont Circle. The new location is scheduled to open in February of 2025.
The office building is a 360,000-square-foot property that The Meridian Group has owned since 2018. The company bought the asset for $136.5 million from BXP Inc. (formerly Boston Properties), according to CommercialEdge data. In 2021, the building was subject to a 10-year $187.7 million loan originated by KKR & Co. Inc.
Ongoing expansion
Completed in 1978 and renovated in 1999, the Class A property in Dupont Circle rises 12 stories and includes first-floor retail space and underground parking. Workbox will occupy an entire floor that features offices, lounges and conference rooms for as many as 40 people. One of the property’s largest tenants is American Bankers Association, which currently leases more than 80,000 square feet, the same data provider shows.
Located in the Golden Triangle Business District, the office building is directly across from the Dupont Circle Metro Station, within 1 mile of the White House and some 2 miles from Embassy Row.
The lease in D.C. marks the company’s 12th coworking location nationwide. Earlier this month, Workbox launched a flexible office space in Pittsburgh. Slated to open in January 2025 at One PPG Place Tower, this 23,000-square-foot location is the company’s first coworking space in the Steel City. Workbox will occupy the entire 31st floor within the 40-story building.