Washington, D.C., July 28, 2008… NPR, the longtime Washington-based broadcast and digital media company, has closed on its acquisition of 1111 North Capitol Street, N.E. in the NoMa (north of Massachusetts Avenue) neighborhood of Washington, D.C.
Last March, NPR announced that it will relocate from Penn Quarter to this former warehouse in NoMa, just north of the U.S. Capitol. NPR plans to retain the building’s façade and portions of the structure, and integrate it with a new ten-story office tower. All of NPR’s 600 Washington-based journalism, multimedia, business and executive activities will be housed in this new facility, with occupancy planned for 2012.
NPR was represented by Vernon Knarr, Art Greenberg, Julie Rayfield, and David Perlstein of Studley.
Elizabeth Price, President of the NoMa Business Improvement District (BID), said: “This transaction brings us one step closer to having NPR’s long-awaited presence in the NoMa neighborhood. NPR will help solidify NoMa’s new status as a media hub as it joins other media giants CNN and XM Radio.”
About the NoMa BID:
NoMa is an emerging mixed-use neighborhood north of the U.S. Capitol and Union Station in Washington, D.C. Private developers have invested over $1 billion in 2007–2008 alone, with plans to develop more than 20 million square feet of office, residential, hotel, and retail space in the 35-block area covered by the NoMa BID over the next 10 years. For more information about the BID, including an interactive development map, see the BID Web site at https://www.nomabid.org.
Since its launch in 1970, NPR has evolved into a leading multimedia company, award-winning national news organization and dominant force in American life. NPR produces and/or distributes nearly 1500 hours of programming weekly. This includes more than 150 hours of news, information, talk, entertainment and cultural shows for the 800-plus NPR Member public radio stations around the country, reaching an audience of 26 million weekly listeners. NPR also programs two 24/7 public radio channels for Sirius satellite radio, five 24/7 music multicast channels for HD Radio and a 24/7 NPR Worldwide program stream reaching listeners in more than 100 countries. The NPR Web site, www.NPR.org, offers extensive original video and audio content, hourly newscasts and free audio streaming of current and archived NPR programs. The NPR Music website, launched in November 2007, is a free, comprehensive music discovery destination featuring live performances, studio sessions, features, interviews, reviews and blogs. NPR programs produced in Washington, D.C. include Morning Edition, All Things Considered, Talk of the Nation, Tell Me More, All Songs Considered, Weekend Edition Saturday and Weekend Edition Sunday. NPR.org, NPR Music, NPR