WASHINGTON � There may not be an official �For Sale� sign up yet, but the National Association of Broadcasters is beginning the process of finding who�or what�will replace them at their current residence near Dupont Circle in Washington, as first reported by the Washington Business Journal.
The NAB�s current location is at 1771 N St. NW. The building, which dates to 1969, is being marketed to prospective buyers by CBRE Group Inc. The seven-story building could be sold to another owner-occupier; it is also being marketed as an opportunity to convert the building into residences or a hotel. According to the Washington Business Journal, the space at 1771 N St. SW comes with a two-level parking garage and is assessed at about $16.3 million in D.C. land records.
The NAB broke ground for its new offices in the Capitol Riverfront area last year and is now eyeing a mid-2019 move-in date, according to Dennis Wharton, executive vice president of communications for NAB. When the project was announced in 2015, it was aiming for fall 2018.
NAB President/CEO Gordon Smith, speaking last year about the existing location, recalled that �as a member of the Senate Commerce Committee, I went to the NAB once, and swore I�d never go again.� When dealing with Capitol Hill, Smith said, �You have to be about 15 minutes from a vote, or you really can�t engage with associations or other advocates.��