The former headquarters of Black Entertainment Television, a shiny office building that looms over New York Avenue in Northeast D.C., has sold to a prolific local developer.
Douglas Development Corp. acquired the four parcels that make up the former BET campus for $16.4M, according to two deeds posted Thursday in the D.C. Recorder of Deeds.
Douglas Managing Principal Norman Jemal confirmed the acquisition via text message but declined to comment. Savills, which represented BET in the sale, also confirmed the deal closed.
The 7.8-acre complex campus sits near the intersection of Brentwood Road and V Street NE. It consists of the six-story, 99K SF office tower, a 57K SF studio-flex building and a 39K SF warehouse, all of which are vacant, according to Savills.
Click here to read the rest of the article written by Jon Banister over at Bis Now
