Anonymous wrote:It makes sense for Sidwell to buy the neighboring Fannie Mae building. Don't know if they have the bucks to do it. Of course they could buy the Fannie Mae campus across the street if the school had an extra $130 million lying around.
I agree that corner building is like a lost sheep, so it makes sense at first glance for Sidwell to buy it. But I'm not sure what the school would actually want to do with that space. It's far away from all the other campus buildings and sits right on the main street. I guess I could see expanding the parking lot and athletic fields further to cover that space, but that seems like a pretty low priority move. In the end, I guess it makes a little sense for Sidwell to buy it, but only because it makes zero sense for anyone else to buy it. If they buy it, they should get a good price for it. Indeed, since they already have some sort of easement to use that alleyway on the far side of the building, maybe they also have some sort of right of first refusal to buy.