Logan Circle Sale Could Inspire More

WASHINGTON, DC-Douglas Development Corp. has acquired a retail-and-office building in the District’s Logan Circle. While the price for the trade — $5.37 million — may not seem that impressive compared to the multi-million sales typically seen in the city, the transaction does point to some interesting trends. More importantly, it provides a rare comp for this neighborhood, which could aid in additional sales.

The four-story retail and office property is located at 1401 14th Street NW. The 10,355-square foot building was built in 1900 and completely renovated in 2002 and 2003. It is now fully leased to such tenants as Urban Essentials, MVS, and Fairchild Consultants. The seller, Clearview 1401 LLC, was represented by CBRE Investment Properties’ Marc Rampulla.