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WASHINGTON, DC-The 116,083-square-foot retail component of CityVista just traded for roughly $400 per square foot, according to a source with knowledge of the deal. The property is a mixed-use retail-office-multifamily development at the corner of 5th and K streets, here.

Lowe Enterprises–the lead company in the venture that owns the project–sold this portion of the development to Edens & Avant for an undisclosed price. Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy & Pinkard Colliers represented the sellers. The deal has not been recorded in local tax rolls and Lowe did not return a call to GlobeSt.com in time for deadline.

Besides Lowe, Bundy Development Corp., CIM Group and Neighborhood Development Co. own the project. The development is in partnership with Deputy Mayor Office of Planning and Economic Development, which will remain as the ground lessor.

CityVista’s retail is anchored by a 55,000-square-foot Urban Lifestyle Safeway, one of only four throughout the country–and one of its top performing stores, Ryan tells GlobeSt.com. Ryan declined to discuss the deal’s price, but did say that the rest of the retail component is 87% leased, with many of the stores opening their doors for the first time. Other tenants Chevy Chase Bank, Results Gym, 5th Street Hardware, and a new restaurant from the creator of Busboys and Poets. “All that remains to be leased is infill space,” he says.

In addition to the retail component, the $200-million CityVista project has two condo buildings with a combined 441 units and a 244-unit apartment building, which Cassidy & Pinkard Colliers is also marketing.

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