BET Close To Selling Former HQ In Northeast DC
Black Entertainment Television is in talks to sell its former headquarters building in Brentwood as part of 7.8-acre offering.
BET, now owned by Viacom, retained Savills Studley to market the building at 1235 W St. NE, along with two smaller adjacent buildings, in mid-2016. Savills Studley executive managing director Vernon Knarr, the broker marketing the property, said the firm is close to a deal, but could not give further details.
The BET building's value was most recently assessed at $15.2M. The property is adjacent to the Amtrak and MARC tracks, and the glass BET-labeled building can be seen from New York Avenue NE and Brentwood Road NE.
BET was acquired by Viacom in 2000 for $2.3B. The network has since moved many of its operations to Viacom properties in New York, Atlanta and California, but BET still has employees working at the Brentwood building, Knarr said. BET could not be reached for comment.