Building Our Future: AACRAO Moving to New Location Summer 2018
After 48 years in our current location of One Dupont Circle, AACRAO will be transitioning to a new location in June 2018. At the direction of the Board of Directors, AACRAO has entered into a contract to purchase an office in Washington, DC. The space, located at 1108 16th Street NW, is currently under construction with anticipated completion in early 2018. We are purchasing two floors of the eight floor building that will include both condominiums and offices.
By purchasing property space, we will pay the same or less than our current space annually. Additionally, at the end of the 25 year loan period, AACRAO will have an asset valued at more than $25 million (based on current Washington, DC property values and industry projections.)
We want to thank all of you for making AACRAO such a strong organization. As we look to our next 100 years of service to the profession, this space will position us for success and continued strength.
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