Skanska continues investment in Washington, D.C. with 25 M Street acquisition

Press release 4/21/2022 7:00 AM EST

The deal closed for 32,000 SF property located in the Capitol Riverfront neighborhood in Washington, D.C.

WASHINGTON, D.C. – Skanska, a leading global development and construction firm, today announced the acquisition of the 32,394 square-foot site in Washington, D.C.’s Capitol Riverfront neighborhood. 25 M Street is one of the last core development sites in the Capitol Riverfront and the last piece of redevelopment on Half Street Southeast. The deal closed on April 14th. The company has not yet disclosed plans for the acquired site.

“The Capitol Riverfront is an incredibly vibrant neighborhood in the heart of Washington, D.C. that has received national recognition for its mix of office, retail, residential, and entertainment.” said Mark Carroll, Executive Vice President at Skanska USA Commercial Development’s Washington, D.C. market. “As we continue to grow our local footprint, we are excited to diversify our Washington, D.C. offerings while continuing to develop projects in the most vibrant corners of the city.”

Skanska has a deep understanding of the neighborhood with their successful development and sale of the 99 M Street project in January 2020. Skanska has an accomplished history in the region with the development of 2112 Penn, RESA, and several ongoing projects in the DC Metro area: Heming at 1800 Chain Bridge in McLean, OZMA in NoMa, 17xM in Downtown D.C. and 3901 Fairfax in Arlington.

For more information on 25 M, please visit http://25mstreet.com/.