Jemal Equities Acquired Washington Office Property
The firm purchased a 254,000-square-foot office building on Connecticut Avenue for $92.3 million.
Updated on Sept. 29, 2026 in Commercial
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Jemal Equities has finalized the acquisition of the office building located at 1330 Connecticut Avenue NW in Washington. The deal was supported by $72.5 million in financing provided by Burke & Herbert Bank & Trust.
Why it matters
The sale allows BXP to offload older office assets as part of a broader corporate strategy to refocus its capital on new trophy office developments in the city.
The purchased property at 1330 Connecticut Avenue NW spans 254,000 square feet. Jemal Equities secured the asset for $92.3 million, with $72.5 million of the purchase price covered by external financing.
The players
Jemal Equities
A real estate investment firm that has actively expanded its commercial holdings in Washington.
BXP
A major real estate investment trust that develops and manages premier workplace properties across the United States.
Burke & Herbert Bank & Trust
A financial institution that provides commercial lending and credit services to regional businesses.
The details
Affiliates of Jemal Equities completed the transaction as the firm continues a rapid expansion in the Washington commercial market. BXP is simultaneously divesting various properties to prioritize its active projects at 725 12th Street NW and 2100 M Street NW.
Timeline
Jemal Equities acquired the 1750 H Street NW property in 2025.
The firm purchased the Lion Building in April 2026.
Jemal Equities acquired the 99 M Street SE property in May 2026.
BXP transferred its Sumner Square leasehold interest in August 2026.
The acquisition of 1330 Connecticut Avenue NW closed in September 2026.
Roadmap
This deal underscores the ongoing industry trend among major REITs to divest aging office stock in favor of high-end trophy developments. It highlights how local firms like Jemal Equities are capitalizing on shifting portfolios as larger players reposition their capital for modern projects.
Tenants and businesses located at 1330 Connecticut Avenue NW may see changes in property management and building operations following the ownership transition. These types of acquisitions often signal shifts in renovation schedules or leasing strategies for commercial occupants.
The takeaway
The active acquisition of commercial real estate by private firms highlights a significant reallocation of office inventory within the city. Property owners should monitor how these ownership shifts influence long-term capital improvement projects and tenant service levels.
Further reading
For more background on the local market, visit Washington Commercial.
Source note: This article includes information reported by Commercial Observer.
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