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November 2, 2025Douglas Development Corp. sold the 7.9-acre property just north of New York Avenue Northeast to the nonprofit for $38.5M, according to two separate deeds filed in D.C. records Wednesday.
The property includes a six-story, 99K SF office building, a flex studio building and a warehouse. BET vacated the office building in 2017 in its move to New York, and Douglas purchased the property in 2021 for $16.4M. Douglas didn’t respond to a request for comment.
USBC announced the acquisition in a press release this week, and it has a page on its website detailing its plans for the property. It said the campus would offer entrepreneurial training and development, startup support, flexible office space, media and content creation spaces, and include a full-service restaurant and cigar lounge.
The organization also announced a new multiyear capital campaign to fund training centers, technology infrastructure and community spaces.
“Just blocks from Union Market and surrounded by billions of dollars in new development, the USBC Innovation Campus is uniquely positioned to become the nation’s premier headquarters for business growth and advancement,” the release says.
