CIM Group has sold The Argonne, a 276-unit, eight-story apartment building in Washington, D.C., that was acquired in 2013. The terms of the transactions were not disclosed.
Built in 1923, the Argonne is a brick building offering historic charm with residences designed in studio to three-bedroom floorplans. Residents have access to many amenities, including a swimming pool, fitness center, conference center, yoga room and dog park. Under CIM Group’s management, The Argonne has undergone upgrades and modernization, including to the building’s lobby, common areas, corridors and façade.
Located at 1629 Columbia Road NW at the corner of Columbia Road and 16th Street Northwest, residents are walking distance from the Columbia Heights Metro station. The Argonne skirts the Columbia Heights neighborhood and is convenient to Washington’s many historic neighborhoods, cultural attractions, hubs of business and government, as well as parks, shopping, dining and entertainment
