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Smithsonian Finalizes $254 Million Purchase of Southwest DC Headquarters

Museum Operator Buys Majority of Capital Gateway
The Smithsonian acquired the 10-story West building at Capital Gateway as part of its acquisition in Southwest Washington. (CoStar)
The Smithsonian acquired the 10-story West building at Capital Gateway as part of its acquisition in Southwest Washington. (CoStar)
By Bryce Meyers
CoStar News
June 25, 2020 | 11:02 P.M.

The Smithsonian Institution has acquired the bulk of a two-building complex to serve as its new headquarters in a deal that represents the largest sales transaction in the Washington, D.C., market since the onset of the coronavirus pandemic in March.

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News | Smithsonian Finalizes $254 Million Purchase of Southwest DC Headquarters