In a rare move these days, a think tank is expanding its physical presence in Washington, DC. Here is more from Washington Business Journal:
The American Enterprise Institute, a D.C.-based foreign policy and defense think tank, is taking the rare step, for these days at least, of expanding its local offices.
The AEI, headquartered at 1789 Massachusetts Ave., NW, has inked a 22,581-square-foot lease at 11 Dupont Circle NW, according to real estate services firm Newmark.
11 Dupont Circle, spanning 153,228 square feet, was recently renovated inside and out, with a new tenant lounge, fitness center, conference center and bike storage room, newly activated courtyard and mechanical, electrical and plumbing upgrades.
The two buildings are just one block away from each other. Here is a look at what the updated 11 Dupont Circle looks like.
AEI bought the 1789 Massachusetts Ave. property in 2013 for $36.5 million, and moved in around three years later following more than $80 million in renovations.
It is unclear if AEI's famous cookies will be available at the new location.
