Mid Atlantic Real Estate Journal — Owners, Developers & Managers — December 21, 2012 - January 10, 2013 — A
O wners , D evelopers & M anagers Reps the seller, Federal Capital Partners HFF closes sale of 296-unit high-rise multi-family in DC
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ASHINGTON, DC — HFF announced that it has closed
the sale of Allegro, a 297-unit, high-rise multi-housing com- munity in Washington. HFF marketed the property on behalf of the seller, Federal Capital Partners . Prudential Real Estate Investors pur- chased the asset on behalf of one of its client funds. Allegro is located at 3460 14th Street NW within walk- ing distance to the Columbia Heights Metro Station, a Super Giant grocery store, DC USA and Tivoli Square in the Co- lumbia Heights neighborhood of Washington, D.C. Completed in 2009, the property features studio, one- and two-bedroom units averaging 740 s/f each. Community amenities include a resident lounge, two court- yards, athletic club with yoga and pilates room, party room, media lounge, internet café and business center, underground parking and resident grilling stations. Allegro’s retail space is 100 percent leased to tenants including restaurants Thaitanic II and Le Caprice, as well as Al- legro Cleaners. The HFF team representing Federal Capital Partners was led by senior managing direc- tors David Nachison and Alan
Mid Atlantic R EAL E STATE J OURNAL ’ S 10 TH A NNUAL E CONOMIC D EVELOPMENT S POTLIGHT J AN 25 TH
3460 14th Street NW
ton, D.C. metropolitan area. PREI® is a leader in the global real estate investment manage- ment business, offering a broad range of investment vehicles that invest in private and public market opportunities. Holliday Fenoglio Fowler, LP (“HFF”) and HFF Securities LP (“HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services. n
Davis and director Brenden Flood. “The sale ofAllegro represents a continuing trend of institutional capital seeking core multi-hous- ing investments in Washington, D.C.’s best urban neighbor- hoods,” according to Nachison. “Columbia Heights has proven itself as a magnet for the young professional renter demographic that all owners seek.” Federal Capital Partners is a leading real estate investment company based in the Washing-
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