Rock Creek's new holdings Rock Creek’s new holdings

WASHINGTON, DC–Rock Creek Property Group has acquired two contiguous mixed-used buildings that make up almost an entire city block. The two properties are located at 1801-1807 18th St., NW and 1755-1757 S St., NW, and are fully leased to more than a dozen commercial and residential tenants including Mandu, Blue Planet Scuba, Rosemary’s Thyme Bistro, and the Dupont Market. The second floors of both buildings are creative office spaces.

The total purchase price was $7.5 million, or $328 per square foot. Rock Creek used Rock Creek Fund II, a $60 million discretionary real estate fund, to buy the properties. The seller was a private owner in the region who had controlled the assets for more than two decades.

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