Montpelier Crossing in Laurel Sells for $34M

LAUREL, MD-Citybizlist.com reported that Federal Capital Partners has purchased Montpelier Crossing, a townhome and apartment community consisting of 386 units at 9689 Muirkirk Road in Laurel, for an amount of $33.6 million.

By GlobeSt News Hub | November 01, 2011 at 01:01 AM

LAUREL, MD-Citybizlist.com reported that Federal Capital Partners has paid purchased Montpelier Crossing, a townhome and apartment community consisting of 386 units at 9689 Muirkirk Road in Laurel, for an amount of $33.6 million. The company is planning to spend more than $5 million in renovation.

As part of renovation, Federal Capital Partners will upgrade the common areas. The complex comprises three- and four-story apartments and two-story townhomes. CBRE Group Inc. handled the sale. For the full story, go to Washington Business Journal .

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