WASHINGTON, DC METRO-New York, NY-based UrbanAmerica LP makes headway in expanding its presence in the DC region with the acquisition of two properties for $4 million. The first commercial real estate investment firm to focus its efforts solely on low-income and moderate-income areas, UrbanAmerica added a total of approximately 22,000 sf to its portfolio through the deal, bringing its total commercial holdings in Metropolitan Washington, DC to 550,000 sf.

The fully occupied properties are Oxon Hill, MD’s 16,155-sf Eastover Plaza, and the 6,116-sf J Walker Shopping Center in the District. While the two diminutive retail centers may seem like unsubstantial additions to the company’s portfolio, they have alternate value for UrbanAmerica.

“The purchase of these properties, although small at a total of just under $4 million was strategic in nature given that both properties are connected to our supermarket anchored centers, Eastover Shopping Center and the East River Shopping Center,” says UrbanAmerica president and CEO Richmond S. McCoy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.