It was one of eight properties WRIT has liquidated since 1998 aspart of a plan to divest properties that aren't part of theWashington-Baltimore area and do not fit long-term objectives, saysEdmund B. Cronin, Jr., WRIT's chief executive officer. The firm hasmade an $18.2 million profit on the sale of those properties, hesays.
The neighborhood shopping center, built in 1965, was sold toWRIT in 1976.
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