Mid Atlantic Real Estate Journal — Shopping Centers — January 25 - February 7, 2013 — B S hopping C enters S potlight M id A tlantic ICSC C onference & D eal M aking Douglas Development Acquires properties for future development Feldman & Smith of Marcus & Millichap, DC represent purchaser in $5m acquisition
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ASHINGTON, DC — Marcus & Mil- lichap Real Estate
Investment Services an- nounces the sale of 1313, 1315, & 1317 14th Street NW, located in Washington, DC to Douglas Development Corporation , according to Josh Feldman , senior associate in the firm’s Washington, D.C. office. The asset commanded a sales price of $5,000,000. Josh Feldman and Peggy Brooks Smith , investment specialists in Mar- cus & Millichap’s Washington, D.C. office, generated this op- portunity off-market and rep- resented Douglas Development Corporation in the acquisition of these three properties which comprise La Villa Restaurant (1317), Popeyes Louisiana Kitchen (1315), and the vacant lot to the south (1313). The assets were purchased from Ten-R-Ten, LLC for future development as the 14th Street
1313, 1315, & 1317 14th Street NW
1502 21st Street NW
Thurmont, MD Wendy’s
corridor continues to be highly sought after by the City’s most forward-thinking investors. WASHINGTON, DC —Mar- cus & Millichap Real Estate Investment Services announces the sale of 1502 21st Street NW, a 3,990 s/f mixed-use property located in the Dupont Circle neighborhood of Wash- ington, DC, according to Josh Feldman, senior associate in the firm’s Washington, D.C. office. The asset commanded a sales price of $1,425,000. The building was delivered
fully leased and the new owner plans to continue operations as-is. Josh Feldman and Peggy Brooks Smith, investment spe- cialists inMarcus &Millichap’s Washington, DC office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was secured and represented by David Weber , vice president invest- ments in Marcus & Millichap’s Washington, DC office. THURMONT, MD —Marcus &Millichap Real Estate Invest-
ment Services has announc- es the sale of the Thurmont Wendy’s, a 3,240 s/f net leased property located in Thurmont, according to Bryn D. Merrey , vice president/regional man- ager of the firm’s Washington, D.C. office. The asset command- ed a sales price of $990,000. Nathan Pealer , an invest- ment specialist in Marcus & Millichap’s Washington, D.C. office, had the exclusive list- ing to market the property on behalf of the seller, a limited li- ability company. Nathan Pealer
also represented the buyer, a private investor in a 1031 exchange. “A new 20 year lease with a corporate guarantee is very at- tractive in today’s investment climate, and the completely passive ownership structure al- lowed us to generate more than a dozen offers from across the country. The seller is thrilled with the pricing achieved and the buyer is very satisfied to have completed its exchange and locked in a long-term pas- sive income stream.” n
Featured Mid Atlantic ICSC participating companies, exhibitors & attendees
Barry S Porter & Associates, Inc...................................................................................................................... 2B & 12B Douglas Development...................................................................................................................................................5B Marcus & Millichap, DC...............................................................................................................................................5B McShea & Company, Inc...............................................................................................................................................6B H&R Retail....................................................................................................................................................................6B Hylant Environmental Risk Management..................................................................................................................6B DLC Management.........................................................................................................................................................7B Rosenthal Properties. ...................................................................................................................................................7B Transportation Resource Group, Inc............................................................................................................................8B BL Companies...............................................................................................................................................................8B All-Rite Construction....................................................................................................................................................8B Marcus & Millichap/Brad Nathanson..........................................................................................................................9B Metro Commercial Real Estate....................................................................................................................................9B Trout Daniel & Associates.......................................................................................................................................... 11B Brixmor Property Group............................................................................................................................................. 11B Taylor Long Properties. .............................................................................................................................................. 11B Equity Realty. .............................................................................................................................................................12B Dewbery.......................................................................................................................................................................12B Mackenzie Commercial...............................................................................................................................................12B S.L. Nusbaum Realty Co.. ..........................................................................................................................................12B Segall Group................................................................................................................................................................13B Madison Marquette.....................................................................................................................................................13B Franchise World..........................................................................................................................................................13B
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