"This rare opportunity makes available a large block of retailspace in the affluent Burke market," said Richard Lake, managingprincipal of Madison Retail Group, in a statement.The price was notdisclosed.
The partners have struck deals on other Hechingers' stores aswell. Roadside Development, along with Madison Marquette andCapital Guidance, purchased the 180,000 square foot formerHechinger/Sears building at 4500 Wisconsin Avenue in Tenleytown.They are also leasing the former Hechinger site at 4500 WisconsinAvenue, NW.
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