Shimizu Realty Development and Capital Security Advisors JV buys Washington, D.C., asset
A joint venture between Shimizu Realty Development (U.S.A.) and Capital Security Advisors, has acquired The Shaw, a multi-housing apartment community in the Northwest Washington, D.C., area for $49 million.
The seller was Monument Realty.
The Shaw is located next to the D.C. area’s most sought-after restaurants, shopping and entertainment, with the prominent Logan Circle, U Street Corridor, 14th Street Corridor and Bloomingdale neighborhoods just a few blocks away. The Walk Score® for locals is 98 and 92 for Bike Score®, with easy to access to all that the “live-work-play” neighborhood has to offer, with nearly 70 percent of locals using public transportation, walking or biking to work. The Shaw is adjacent to the Shaw/Howard University Station and Yellow Line. For those who prefer to drive, the apartments are close to the 14th Street roadway that links directly to I-395 and Route 1.
“In addition to the lively entertainment scene, The Shaw has unmat