M id A tlantic Real Estate Journal — Owners, Developers & Managers — March 2024 — 15A
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O wners , D evelopers & M anagers
The ground floor retail is situated directly below Washington, DC multifamily asset Bernstein Management Corporation acquires 27,000 s/f retail condominiums at The Shay
W ASHINGTON DC — An investment affiliate of Bern- stein Management Cor- poration (BMC) , one of the regional leaders in real estate investment and management, has completed the acquisition of The Shay retail condomini - ums, consisting of 27,000 s/f of ground floor retail situated directly below its existing multifamily asset The Shay, located across two buildings at 1921 and 1924 8th Streets NW in the Shaw submarket of Washington D.C. Built in 2015, The Shay retail is home to leading destination retailers includ - ing Warby Parker, Le Labo, Union Kitchen Grocery and Rewild as well as eateries including Cracked Eggery, Gogi Yogi, Compass Coffee and Cava. According to Bernstein Man - agement Corporation CEO Josh Bernstein , “The acqui - sition of The Shay retail both creates operating efficiencies with The Shay apartment com - munity and allows us to further our investment in the vibrant TRUE Commercial Real Estate arranges multiple transactions in Pennsylvania PENNSYLVANIA — TRUE Commercial Real Estate announced the follow - ing transactions in PA: The former Eagles Nest Restaurant & Event Venue, ‘R’ liquor license at 2519 Mt. Rose Ave. York, has been sold. It will remain open and continue business as usual. Buyer/ seller anticipate a smooth transition in ownership. Representing the seller was Ben Chiaro, CCIM and Da- vid Albright of TRUE Com - mercial Real Estate. 10,950 s/f of warehouse/flex space in the Acco Business Park at 75 Acco Dr., York has been leased out to York Elite All Star Cheer. Representing the landlord was Gordon Kauffman of TRUE Commercial Real Estate. 196 s/f of single room of - fice space has been leased out to Full Circle Therapy at 2011 State St. Suite 205 East Petersburg. Representing the landlord was Marisa Benjamin of TRUE Commercial Real Estate. MAREJ
MD, White Oak Town Center will welcome the following retail tenants: AT&T, Dave’s Hot Chicken, European Wax, First Watch, Inspire Nail Bar, Jersey Mike’s, Oak Bar - rel & Vine and Starbucks when it opens in the first half of 2024. “White Oak Town Cen - ter is poised to provide this booming submarket of Silver Spring, MD with a desirable mix of top tier grocery, conve - nience and service-oriented retail,” said Austin Hern- don , SVP of commercial leas - ing for BMC. MAREJ
Shaw neighborhood with a best-in-class retail asset.” BMC acquired The Shay, a 245-unit multifamily com - munity, in June 2023. In other news, BMC and Finmarc Management, Inc. have completed eight new retail leases totaling over 20,000 s/f at White Oak Town Center, a new grocery-anchored retail de - velopment offering 100,000 sq. ft. of space in north Silver Spring, MD. Located at the corner of Co - lumbia Pike and Industrial Parkway in Silver Spring,
The Shay
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