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WashREIT sells $168m portfolio in Washington, D.C.
Transactions - SEPTEMBER 23, 2021

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WashREIT sells $168m portfolio in Washington, D.C.

by Released

WashREIT has sold a $168.3 million portfolio of eight infill neighborhood retail assets totaling 695,991 square feet in Washington, D.C., northern Virginia and southern Maryland.

The new owner was not disclosed by JLL Capital Markets, which marketed the portfolio on behalf of the seller.

The portfolio, which is 82 percent leased, consists of two assets in Washington, D.C., two in Northern Virginia and four retail properties in Maryland. The properties in Washington D.C. include Chevy Chase Metro Center and Spring Valley Village, with 800 S. Washington St. in Alexandria and Concord Centre in Springfield comprising the Virginia assets. Montrose Shopping Center and Randolph Shopping Center in Rockville; Takoma Park Shopping Center in Takoma; and Westminster Shopping Center in Westminster are all in Maryland.

The properties house a variety of grocery anchors, including Food Lion, ALDI, Giant and Mom’s Organic Market, in addition to national retailers, such as Mic

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