A — May 10 - 23, 2013 — Mid Atlantic Real Estate Journal


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8,000 s/f parcel in Washington DC area Marcus & Millichap sells apt. development site for $2.4m


ASHI NGTON , DC, — Marcus & Millichap Real

Estate Investment Servic- es , one of the nation’s larg- est real estate investment services firm, has announced the sale of an 8,000 s/f de- velopment parcel located in Washington, DC, according to Bryn Merrey , vice presi- dent/regional manager of the firm’s Washington, D.C. office. The asset commanded a sales price of $2,408,500. Peggy Brooks Smith , associate vice president of

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Washington DC

Investments, in Marcus & Millichap’s Washington, D.C. office, represented the buyer. Payton Banks , broker, as- sisted in closing this trans- action. Located in the Kalorama submarket of Washington, DC, the planned “Calistoga” at 2225 California St., NW, will include nine two and three-bedroom units and ten parking spaces. The individ- ual condos will range in size from 1,300 to 1,800 s/f. n Vinton, VA — Brixmor Property Group has re- cently negotiated the follow- ing transactions in the Mid Atlantic Region. Lake Drive Plaza, located on Hardy Rd. at Clearview Drive in Vinton, announced a 6,400 s/f foot Shoe Show recently opened. Brixmor is the owner of Lake Drive Pla- za and was represented by Jason Fox with Brixmor. Also at Lake Drive Plaza a 1,993 s/f Bloop FrozenYogurt recently opened. Brixmor was represented Fox. Ridgeview Centre, located off of Orby Cantrell Highway at the intersection of Norton Rd. and Ridgeview Rd. in Wise announced a 9,000 s/f Dollar Tree recently opened. Richard Bushey of Dy- namic Commercial Real Estate represented Dollar Tree. Brixmor is the owner of Ridgeview Centre and was represented by Michael Moss with Brixmor. n Brixmor Property Group executes VA retail transacations

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