WASHINGTON, DC—Developer Akridge has hired Eastdil Secured to market its Half Street mixed-use development to a new investment partner.
The locally-based firm has hired Jeffrey Scott, senior managing director of Eastdil Secured to market the property. Akridge President Matt Klein says Eastdil is charged with replacing a capital partner “that desires to leave the project.” He did not identify the partner exiting the venture but noted it is one of its fund partners that was co-invested in the Half Street project, according to the Washington Business Journal.
The plans for Akridge at Half Street include two office buildings totaling 370,000 square feet, a 280-unit residential building and retail. The site is currently home to the Fairgrounds. See story in the Washington Business Journal.
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