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Transactions - MAY 17, 2024

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CIM Group sells The Argonne, 276-unit apartment building in Washington, D.C.

by RELEASED

CIM Group has announced the sale of The Argonne, a 276-unit, eight-story apartment building in Washington, D.C., that was acquired in 2013.

Built in 1923, the Argonne is a brick building with studio to three-bedroom floorplans. Residents have access to amenities including a swimming pool, fitness center, conference center, yoga room and dog park. Under CIM Group’s management, The Argonne has undergone a program of 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 NW, residents are walking distance to the Columbia Heights Metro station providing regional connectivity. The Argonne skirts the Columbia Heights neighborhood and is convenient to Washington, D.C.’s historic neighborhoods, cultural attractions, hubs of business and government, as well as parks, shopping, dining and entertainment.

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