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Department of Transportation's DC HQ Sells in Record-Breaking Deal

US Government Pays $760 Million to Own 1200 New Jersey Ave. Building Outright
DOT acquired its headquarters building at 1200 New Jersey Ave. roughly 19 months before its lease was scheduled to expire. (CoStar)
DOT acquired its headquarters building at 1200 New Jersey Ave. roughly 19 months before its lease was scheduled to expire. (CoStar)
By Bryce Meyers
CoStar News
March 2, 2020 | 10:01 P.M.

The U.S. government has completed its purchase of the U.S. Department of Transportation's headquarters building in Southeast Washington, D.C., in the most expensive single real estate deal ever in the nation's capital.

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