Foulger-Pratt has paid $62.7 million for Monument Village at College Park, a mixed-use residential and retail property in College Park, Md.
JLL Capital Markets marketed the property on behalf of Monument Realty. Foulger-Pratt purchased the offering free and clear of existing debt.
Monument Village at College Park consists of 235 residential units averaging 894 square feet, as well as 12,200 square feet of amenity space and 4,800 square feet of ground-floor retail. The property offers community amenities, including a resort-style pool with cabanas and outdoor grilling areas, fitness center with yoga and spin studios, Zen garden, clubroom with catering kitchen and billiards, movie theater and gaming room with snack bar, conference room, lounge with computer workstations and coffee bar, and pet spa and dog run.
Completed in 2016, the class A property is located along Route 1 near the intersection of Baltimore Avenue and Cherokee Street, which positions it near ma
