Watergate complex to Nixon's resignation on August 9, 1974. The name "Watergate" and the suffix "-gate" have since become synonymous with political scandals in the United States and elsewhere. The Watergate superblock is bounded on the north by Virginia Avenue, on the east by New Hampshire Avenue, on the south by F Street, and on the west by the Rock Creek and Potomac Parkway. It is in the Foggy Bottom neighborhood overlooking the Potomac River, next to the Kennedy Center and the embassy of Saudi Arabia. The nearest Metro station, 0.4 miles (650 m) distant, is Foggy Bottom-GWU. For more than a
Watergate complex put the office tower up for sale on March 12, 2009. In November 2011, after 20 months on the market, the office building sold for $76 million to the Penzance Cos. In mid-2012, the office building's new owner began a multimillion-dollar upgrade to the Watergate Office Building's lobby, common areas, and Virginia Avenue entrance. The modernization was complete in December 2012, and the building began leasing space again in January 2013. Hitt Contracting designed the renovations, and oversaw the construction. Penzance sold the office building to a subsidiary of Rockwood Capital for $75 million at the end of 2016. Penzance