An affiliate of Lerner Enterprises outbid its competitors to pick up a federally owned Capitol Riverfront property at auction, the General Services Administration announced Thursday.
Lerner, as Half Street Partners LLC, paid $31 million for 49 L St. SE, a 0.68-acre property that includes a 33,000-square-foot warehouse built in 1924.
The online auction for the site went live in October. The GSA reports there were 14 registered bidders who placed a total of 74 bids, and the auction closed Dec.…
