The firm had tapped Cassidy & Pinkard to orchestrate the disposition. Akridge had acquired the site from First and M Investing Co. in 2003.

Located at 100M St. NE, Constitution Square is in Washington, DC's NoMa Corridor, which will soon be home to the new 400,000-sf Bureau of Alcohol, Tobacco, Firearms and Explosives headquarters. Under Akridge's tenure, the site had originally been slated to become a two-million-sf office and retail complex called Capital Square, with more recent plans for the renamed Constitution Square encompassing an 11-structure commercial compound.

The new owners--who relied on LaSalle Bank NA to finance the property acquisition--are picturing a project that included not only office and retail segments, but residential options, as well. "This site affords us the opportunity to develop a truly mixed-use project from the initial phase that will create an 18-hour environment for working, living and entertainment," StonebridgeCarras principal Douglas M. Firstenberg says.