May 6, 2008 Calkain Closes Another Retail Condo in Washington, DC Brokerage Firm Becomes Expert in Niche Market Reston, VA, - Calkain Companies, a national real estate investment brokerage firm, has procured the sale of the Garden District retail condominium in downtown Washington, DC. Located in the highly sought after area of Logan Circle, the unique retail condominium increased the intrinsic value of the space which was once deemed extraneous in the landlord’s underwriting. David Sobelman, Executive Vice President of Calkain Realty Advisors, the private market division of Calkain Companies, represented RSP I Revocable Trust, the seller, in the transaction. The transaction totaled roughly $1,870,000 for the 2,775 square foot space. “Retail condos and retail investments in the District are very rare and highly valuable,” stated Sobelman. “Developers and landlords are finding that they are able to monetize portions of their assets in order to either pay down their debt or invest in other projects,” Sobelman continued. Calkain has been the leader in urban commercial condominium sales. They have been engaged by several leading development firms to dispose of the income-producing portions of their projects over the last several years. Calkain is a full service real estate brokerage firm with a national scope focusing on single and multi tenant retail, industrial, and office net leased transactions. Calkain has offices in Reston, VA (Washington, DC), Nashua, NH (Boston, MA), Tampa, FL, and McHenry, MD. Additional information about the firm and its listings may be found at www.calkain.com. Media Contact: David Sobelman | (813) 282.6000

 

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