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October 13, 2010
Calkain's Urban Division Brokers $1,068 Per Square Foot
Washington, DC Logan Circle NNN Investment Sale |
Reston, VA –– Calkain Companies, a national real estate investment brokerage firm, has procured the $1.21mm sale of the triple net (NNN) lease Sweetgreen retail condominium at Logan Circle in Washington DC.
Rick Fernandez, Managing Director and Andrew Fallon Investment Analyst of Calkain Urban Investment Advisors, the urban market division of Calkain Companies, represented the seller in the transaction. "The Sweetgreen retail condo is well situated in a grocery anchored, dense, high traffic urban location within an affluent and diverse residential community," explained Fernandez. "The willingness of traditional NNN investors to pursue these assets signals the broad appeal of urban retail properties and the desirability of the DC metro market for real estate investors," Fernandez continued. The seller reviewed multiple offers from across the country before closing with a local buyer/executive with a privately-held commercial real estate company.
The transaction closed within the last thirty days and is recorded in the public record.
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), Tampa, FL, and McHenry, MD.
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