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WASHINGTON, DC-A Metropolitan Washington, DC area portfolio ofretail properties, speckled with hotel and office elements, hassold in a deal rumored to be in excess of $200 million. Developmentand investment group Grosvenor acquired the 15-property package forits own, taking it off the hands of several different subsidiariesof the Starwood Capital Group-sponsored venture Starwood Urban LLC.The deal, which covers a total of 460,000 sf--200,000 sf of whichconsists of retail--allows Grosvenor to further fulfill its goal offocusing on the Washington, DC, San Francisco, Los Angeles, andChicago markets.

Grosvenor's new collection of retail properties carriesaddresses predominantly in popular areas within District citylimits, and features such illustrious tenants as Elizabeth Arden,Saks Jandel, and Tiffany's; as well as popular destinations likeChipotle, Olsson's Books & Music, and Ruth's Chris Steakhouse.In Dupont Circle, several of the facilities are on ConnecticutAve., including the 8,000-sf retail building at 1629 ConnecticutAve., the collection of buildings at 1739-1753 Connecticut.Ave.--which account for nearly 22,000 sf of space almost evenlydivided between retail and office offerings--and the 19,300-sfgroup of structures at 1801-1803 P St. Connecticut and 2011 S St.,offering 12,600 sf of retail space and 6,800 sf of office space. OnP St., are the 8,900-sf retail and office facility at 2029 P St.,and the 9,900-sf facility at 2122 P St. The last property in theDupont Circle area is the two-building property at 19th and M St.,featuring 28,200 sf.