Monument Village at CollegePark.

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COLLEGE PARK, MD – JLL Capital Markets has completed the sale ofa class-A, mixed-use property in College Park, MD for $62.7million.

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The multifamily and retail asset, Monument Village at CollegePark, was acquired from Monument Realty, by Foulger-Pratt.

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Completed in 2016, Monument Village at College Park consists of4,800 square feet of ground-floor retail, 12,200 square feet ofamenity space and 235 residential units, which average 894 squarefeet. The property features community amenities such as aresort-style pool, an outdoor grilling area, a fitness center withyoga and spin studios, a Zen garden, a clubroom, a cateringkitchen, a movie theater, a gaming room and snack bar, a conferenceroom, a lounge with computer workstations, a coffee bar, pet spaand dog run.

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Situated along Route 1, the mixed-use property is located nearthe intersection of Baltimore Avenue and Cherokee Street.

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JLL marketed the property on behalf of Monument Realty. The JLLCapital Markets team of Walter Coker, Brian Crivella and RobertJenkins represented the seller in the transaction.

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JLL Capital Markets is a full-service, global provider ofcapital solutions for real estate investors and occupiers. Offeringinvestment advisory, debt placement, equity placement orrecapitalization solutions to clients, the firm employs more than3,700 capital market specialists worldwide, with offices in nearly50 countries.

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Specializing in real estate and investment management, JLL isprofessional services firm with an annual revenue of $18 billion.The Fortune 500 company currently operates in more than 80countries, with a global workforce of more than 93,000.

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Founded in 1998, Monument Realty is a full-service real estatefirm, with a development portfolio of more than six million squarefeet of class-A office space, 4,500 residential units and numeroushotel properties valued at nearly $6 billion.

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Fouler-Pratt, established in 1963, is a real estate investmentand development firm, which has developed more than 15 millionsquare feet of commercial office, multifamily and retailprojects.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.