"This rare opportunity makes available a large block of retail space in the affluent Burke market," said Richard Lake, managing principal of Madison Retail Group, in a statement.The price was not disclosed.
The partners have struck deals on other Hechingers' stores as well. Roadside Development, along with Madison Marquette and Capital Guidance, purchased the 180,000 square foot former Hechinger/Sears building at 4500 Wisconsin Avenue in Tenleytown. They are also leasing the former Hechinger site at 4500 Wisconsin Avenue, NW.
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