12:44 PM EST, 01/07/2025 (MT Newswires) -- BXP (BXP) said Tuesday it completed the acquisition of 725 12th Street, a 12-story property in the East End of Washington, DC, for $34 million.

The company said it plans to demolish and redevelop the 12-story building into a 320,000-square-foot workplace.

BXP said it has executed an about 150,000-square-foot lease with law firm McDermott Will & Emery and is in negotiations with another tenant for the majority of the remaining space.

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