WASHINGTON, DC—Washington Real Estate Investment Trust has acquired the Spring Valley Retail Center in an off-market trade for $40.5 million. The 75,265-square foot center consists of five separate buildings in the 4800 block of Massachusetts Ave., NW. It is bounded by Massachusetts Avenue to the north and east, Fordham Road to the south, and 49th Street to the west. It is 96% leased and anchored by Crate and Barrel.

This is the REIT’s fourth acquisition this year, for a total of $300 million.

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