6A — October 16 - 29, 2020 — M id A tlantic Real Estate Journal


M id A tlantic R eal E state J ournal

A S H I N G T O N , DC — An affiliate of Swedish Inves- An affiliate of Swedish Investor Akelius acquires 208-unit apartment building in Washington, DC Greysteel represents seller, Nuveen Real Estate in sale of Rittenhouse Apartments for $40.2M W

Klein Enteprises sells 58,000 s/f flex property to St. John Properties Greysteel represented the seller, Nuveen Real Estate, in the transaction. The sales price was a record for the submarket, according to Greysteel CEO Ari Firoozabadi . MAREJ 7152 Windsor Mill Rd. BALTIMORE, MD — Klein Enterprises and St. John Properties, Inc. , announced the sale of 7152 Windsor Mill Rd., a single-story, 58,000 s/f commercial flex building located in the Woodlawn sec- tion of Baltimore County for $8.5 million. The property is currently fully-leased and oc- cupied by Leidos. Bob Filley of Marcus & Millichap represented the seller, Klein Enterprises and St. John Properties , the buyer, was self-represented. Constructed in 1985, the asset is contained on a nearly five-acre lot, features 16-foot ceiling heights, two dock load- ing doors. “This was a tremendous opportunity to acquire an as- set below replacement value, with a stable and creditworthy single-use tenant in place and signed to a long-term lease,” stated Sean Doordan , senior vice president, leasing & acqui- sitions for St. John Properties. “We were initially attracted to this building based on its location adjacent to our 82- acre Windsor Corporate Park Mill which also includes our corporate HQ and our 10-acre Windsor Office Park. We are confident about the long-term value of this submarket. In addition, our company has a strong relationship with Lei- dos given its tenancy in several other projects in the St. John Properties portfolio.” MAREJ 1990 and was the most recent apartment property of more than 200 units developed in the area. The apartment building last traded in 2011 for $30.7 million to Henderson Global Investors. Henderson’s U.S. portfolio was acquired in 2013 by the real estate arm of TIAA, which rebranded as Nuveen Real Estate last year.

tor Akelius has acquired Rittenhouse Apartments, a 208 - un i t a p a r t me n t bui lding in Washington, DC’s Bright- wood neigh-

Ari Firoozabadi

borhood. The sales price was $40.2 million, according to various media outlets. Located at 6101 16th St. NW, the property was built in

Rittenhouse Apartments

FOR SALE Middlesex, NJ

3,250sf commercial building on 0.66 acres with 18 car parking Two large Pylon signs (Route 28 & Warrenville Rd) 115’ of Route 28 highway frontage Immediate access to routes, 22, 28, 78 and 287 Perfect for most retail, medical and professional uses Ideal uses include dollar store, laundromat, party & play, pools & spas, medical & dental, paint, hardware, convenience, bakery, tool rentals, etc. Property Details Originally built as a Wawa convenience store, this property has operated since 1999 as Dollar Planet, and is surrounded by several national retailers. The property has ingress/egress on Rt. 28 and Warrenville Road, allowing for access to the traffic light at Warrenville Road.

Contact Peter Gallicchio President & CEO

Peter@RemcoRealty.net www.RemcoRealty.net T: 732-253-0888 x 102

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