FOR IMMEDIATE RELEASE
National Trust – Rebecca Morgan (202-588-8380) email@example.com
AEI – Judy Mayka (202-862-4873) firstname.lastname@example.org
Sale Agreement for Landmark Property in Washington
Statement by National Trust for Historic Preservation and the American Enterprise Institute
Washington, DC (February 18, 2013) – The American Enterprise Institute (AEI) and the National Trust for Historic Preservation announced today their completion of a purchase and sale agreement for the property at 1785 Massachusetts Ave. NW.
The building, a National Historic Landmark constructed in 1917, was purchased and renovated by the National Trust in 1977 and has served as its headquarters since 1979. Pending the conclusion of a due diligence period, it is expected to become the new home for AEI. This beaux arts building is a gem of the Dupont Circle neighborhood and one of the city’s architectural icons. The five-story corner property first served as a luxury apartment complex. Its most famous tenant was Andrew W. Mellon, who rented the entire top floor while serving as Treasury secretary and whose collection became the core of the National Gallery of Art.
“This is a vital step for AEI and our unyielding mission,” said AEI President Arthur Brooks. “Our growing community of world-class scholars and staff need a building equal to their talent. This property gives us an ideal facility to enhance our expanding programs. We’ll be excited to call it our new home.”
"We are pleased that after 30 years, we can convey stewardship of this extraordinary building to another organization that appreciates its historic importance,” said Stephanie K. Meeks, president of the National Trust. “AEI has committed to respecting the historic character of its new headquarters, ensuring that it will remain a national and a neighborhood landmark for generations to come.”
The building will be protected in the future by a historic preservation easement covering the exterior and significant interior architectural features.
The National Trust is currently searching for another historic building in Washington, DC, to serve as its new headquarters. AEI has engaged the architectural firm of Hartman-Cox, whose preservation projects include the Smithsonian Institution National Portrait Gallery and Smithsonian American Art Museum and National Archives. The National Trust was represented by CBRE; AEI was represented by Jones Lang LaSalle.
The National Trust, a privately funded nonprofit organization, works to save America’s historic places to enrich our future. AEI, a nonprofit, nonpartisan public policy research organization, works to expand liberty, increase individual opportunity, and strengthen free enterprise.
FOR IMMEDIATE RELEASE
What's new on AEI
|More than the minimum wage
|Strife in the fast lane|
|The enduring myth of the individual 'mandate'|
|Biden and Hagel appease China at allies' expense|
The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry — including experts in banking, insurance, and securities — who meet regularly to study and critique regulatory policies affecting this sector of the economy.
This event has been cancelled due to inclement weather.
At a Capitol Hill luncheon event, Westchester County Executive, Robert Astorino, will present his first-hand experience with HUD's demands to sue localities over common zoning regulations in an effort to dismantle local zoning as it is known today.
AEI's Marilyn Ware Center for Security Studies will host General Mark Welsh III, Chief of Staff of the US Air Force for the concluding session of its series with the Joint Chiefs of Staff.
Join AEI for a discussion of two new policy proposals that address the use of road pricing and public-private partnerships, as well as state efforts to enhance infrastructure and economic competitiveness.
Join AEI for a discussion of professional sports subsidies and — fittingly — for a free lunch.
AEI’s Jeffrey Eisenach will argue in favor of a generic antitrust enforcement model with primary enforcement by the FTC and Jonathan Baker of American University will maintain that an industry-specific regulator like the FCC is needed to work with antitrust enforcers to shape competition in the broadband industry. The debate will be moderated by US Court of Appeals Judge Stephen Williams.