WASHINGTON, DC—A JV between Kettler and Westbrook Partners has acquired Flats at Atlas, a 257-unit apartment community in the H Street Corridor, located at 1600 Maryland Ave., NE. Clark Capital Realty sold the property, along with the neighboring lot for $95 million, according to land records first Tweeted by the Washington Business Journal.
Anyway, Clark Realty Capital has sold @FlatsAtAtlas and a neighboring lot for the lump sum of ~$95M, per deed records.
— Michael Neibauer (@WBJNeibs) April 4, 2016
The building also has 3,450-square feet of street-level retail.
Kettler and Westbrook can develop additional residential density on the adjacent lot.
CBRE's Bill Roohan, Andy Boyer, Mike Muldowney, Jonathan Greenberg, and John Sheridan represented the Clark Capital. CBRE's Debt and Structured Finance Team, led by David Webb, financed the deal.
WASHINGTON, DC—A JV between Kettler and Westbrook Partners has acquired Flats at Atlas, a 257-unit apartment community in the H Street Corridor, located at 1600 Maryland Ave., NE. Clark Capital Realty sold the property, along with the neighboring lot for $95 million, according to land records first Tweeted by the Washington Business Journal.
Anyway, Clark Realty Capital has sold @FlatsAtAtlas and a neighboring lot for the lump sum of ~$95M, per deed records.
— Michael Neibauer (@WBJNeibs) April 4, 2016
The building also has 3,450-square feet of street-level retail.
Kettler and Westbrook can develop additional residential density on the adjacent lot.
CBRE's Bill Roohan, Andy Boyer, Mike Muldowney, Jonathan Greenberg, and John Sheridan represented the Clark Capital. CBRE's Debt and Structured Finance Team, led by David Webb, financed the deal.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
