RSS FeedMass Court Apartment Building Sold To CBRE (300 Mass Ave NW)
Thanks to Cheryl and the MV Triangle blog for pointing us to this WaBizJo article stating that CBRE bought the Mass Court apartment building (300 Mass Ave NW) from Prudential Real Estate Investors. The sale price was a respectable $105.5 million.
In related news, anchor tenant Radio One has pulled out of the Broadcast Center One project which is to be built just up the street at 7th & S St NW atop the Shaw metro station. While developers say that the project is still moving forward, it will surely be delayed by this news.
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Comments
Anon: Thanks!
Here is the WaPo article that was referenced: http://www.washingtonpost.com/wp-dyn/content/article/2010/02/25/AR2010022505616.html
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They also said that Radion pulled out because it couldn’t meet its deadline and that, “The developer has to move now [on the project] and can’t wait” and that, “…the United Negro College Fund will replace Radio One, occupying 50,000 square feet in the building.” Hopefully that means there isn’t a delay.