While ACPT and Freestate are not publicly releasing the financial details of the recent transaction, nor of the transaction in 2000, about 19 acres of industrial property in the area exchanged hands for $705,000 in June of 2001. Explaining the benefits of the Freestate sale, ACPT President and COO Edwin L. Kelly says, "This project is a winner for everybody, because it will help meet the future electric needs of homes and businesses across the region."

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Industrial
Washington, DC