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| Allegro Apartments, Washington, DC |
WASHINGTON, D.C. – HFF announced it has closed the sale of Allegro,
a 297-unit, high-rise multi-housing community in Washington, D.C.
HFF
marketed the property on behalf of the seller, Federal Capital Partners. Prudential Real Estate Investors purchased
the asset on behalf of one of its client funds.
Allegro is located at 3460 14th Street NW within walking distance to the
Columbia Heights Metro Station, a Super Giant grocery store, DC USA and Tivoli
Square in the Columbia Heights neighborhood of Washington, D.C.
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| David Nachison |
Completed in 2009, the property features studio, one- and
two-bedroom units averaging 740 square feet each. Community amenities include a resident lounge, two courtyards,
athletic club with yoga and pilates room, party room, media lounge, internet
café and business center, underground parking and resident grilling
stations. Allegro’s retail space is 100
percent leased to tenants including restaurants Thaitanic II and Le Caprice, as
well as Allegro Cleaners.
The
HFF team representing Federal Capital Partners was led by senior managing
directors David Nachison and Alan Davis and director Brenden
Flood.
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| Alan Davis |
“The
sale of Allegro represents a continuing trend of institutional capital seeking
core multi-housing investments in Washington, D.C.’s best urban neighborhoods,”
according to Nachison. “Columbia
Heights has proven itself as a magnet for the young professional renter
demographic that all owners seek.”
Federal Capital Partners is a leading real estate investment
company based in the Washington, D.C. metropolitan area. Since its inception in 1999, FCP has
invested more than $3 billion in residential and commercial assets.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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