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WASHINGTON, DC-Signs that DC area real estate sellers are becoming more realistic about pricing are starting to emerge. Three separate properties–an industrial asset in Maryland and one multifamily and one retail property in the District–were placed on the market one month ago. The broker for all three, Transwestern’s Gerry Trainor, tells GlobeSt.com that each may well close within a matter of weeks. “We collected two offers last Thursday and Friday, and we are collecting the third tomorrow.”

One is Jenkins Row, located at 1391 Pennsylvania Ave., SE. Owned by JPI, it is a newly constructed mixed-use of 247 luxury residential condominiums and 51,703 square feet of ground level retail which is 97% leased. Harris Teeter has leased 47,127 square feet through 2028.

The office asset is located at 450 H St., NW. A 31,338-square-foot, ten-story office building owned by Brookfield Properties, it is 100%-leased–80% by the District.

The industrial asset is Kennedy & Associates’ 6675 Business Pwy., located within the Meadowridge Business Park. A 141,600-square-foot high-bay warehouse in Elkridge, MD., it is 100%-leased and features 24′ clear ceilings and 30 dock doors.

Trainor declined to discuss pricing at all, citing the upcoming sales negotiations. In general, though, he says, the bid-ask spread that had choked off DC area investment sales in Q4 2008 and Q1 2009 has all but vanished. “Now we are seeing sellers bring to market products they are serious about selling,” he explains. “Likewise brokers have become tired of bringing–or less willing to bring–product to market that do not reflect the current valuations.”

This is not to say that a steady stream of investment sales will commence immediately. Financing is still a huge issue for many buyers. The deals most likely to go forward– judging from the few sales that have closed here–will be those properties that have attractive, assumable financing, buyers that can pay in cash–a category that prominently includes foreign investors–or multifamily deals that can be underwritten by the GSEs or HUD. The prospective buyers for Trainor’s three listed assets, he says, are primarily locally-based.

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