The 35,000-square-foot building, which traded for $7.8 million,islocated at 2700 16th St., NW. Jayne Shister of CassidyTurleyrepresented the seller, Embassy Holdings 2008, LLC.
2700 16th St. is a 1925 Renaissance-style, four-storybuilding ona 43,463-square-foot lot that was designated as a historiclandmarkin March 2006. It is located on a hill across from MeridianHillPark, a few blocks from Columbia Heights Metrorail station.
Valor will need gain the necessary approvals for a historicpropertyredevelopment, but the company has plans to proceed withits buildingas soon as possible, Shister tells GlobeSt.com.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
