WASHINGTON, DC-UrbanAmerica LP has acquired 1500 Franklin St., N.E. here for approximately $2.5 million. The three-story, 15,000-sf mixed-used building is anchored by an Enterprise Rent-a-Car and the District of Columbia Government Office of Employment Services. The facility is 100% leased.

This transaction brings the firm’s holdings in metropolitan Washington, DC to more than 500,000 sf worth about $50 million. This is the fifth purchase UrbanAmerica has made in the metropolitan area during the last year. The other four properties are shopping centers ranging in size from 44,000 sf to 244,000 sf.

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