Carr Properties buys office building near White House with plans to upgrade

Acquisition continues turnover of REIT's DC portfolio

Carr Properties and Barings bought 1401 New York Ave. NW for $85 million. (CoStar)

CoStar News

January 22, 2026 | 10:09 P.M.

A downtown Washington, D.C., office building has traded hands, with the new ownership group planning to renovate it into a trophy-quality asset.

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