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| Rendering of planned 4990 Faisrmont Avenue, Downtown Bethesda, MD |
WASHINGTON, D.C. –
November 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that
it has arranged the sale of a 22,884-square-foot infill land site located at 4990
Fairmont Avenue in downtown Bethesda, Maryland on behalf of Starr Capital,
LLC. Duball Fairmont, LLC, an affiliate
of Duball, LLC was the acquiring party.
The site is fully entitled
for a 17-story structure encompassing a 13-story, 71-unit luxury residential
component situated atop a four-level, above-grade parking garage and 2,500
square feet of ground floor retail.
Founded in 2003, Starr
Capital LLC invests in real estate assets for cash flow and development
throughout the Washington, D.C. Metropolitan area with a focus on multifamily,
retail and hospitality sectors. Visit
starrcapital.com for further information.
Duball, LLC
(www.Duball-LLC.com), founded in 2004, is one of the leading real estate
developers in the Washington, D.C. region with over 1.8 million square feet
currently under development.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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