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| The Shaw, a multi-housing apartment community in the Northwest Washington D.C. area. |
WASHINGTON DC, July 30, 2020 – JLL
Capital Markets announced today that it has closed the $49 million sale of The
Shaw, a multi-housing apartment community in the Northwest Washington D.C.
area.
JLL completed the sale from the seller, Monument Realty, to the
buyers, a joint venture between Shimizu Realty Development (U.S.A.) Inc. and
Capital Security Advisors, LLC.
The Shaw is
located next to the D.C. area’s most sought-after restaurants, shopping and
entertainment, with the prominent Logan Circle, U Street Corridor,14th Street
Corridor and Bloomingdale neighborhoods just a few blocks away.
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| Walter Coker |
The Walk Score® for locals is 98 and 92 for Bike
Score® with easy to access to all that the “live-work-play” neighborhood has to
offer, with nearly 70% of locals using public transportation, walking or biking
to work.
The Shaw is adjacent to the Shaw/Howard
University Station and Yellow Line. For those who prefer to drive, the
apartments are close to the 14th Street roadway that links
directly to I-395 and Route 1.
"In addition to the lively entertainment scene, The Shaw has
unmatched proximity to Washington D.C.’s sought-after employment
opportunities," said Dennis Irvin, President of Capital
Security Advisors LLC.
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| Brian Crivella |
“The emergence of this neighborhood and nearby
areas has been increasing over the past several years and has even become a
second base for the world’s largest e-commerce platform.”
The Shaw apartments’ design exhibits redefined living, from open
layouts to city spa bathrooms touting frameless glass showers and ascent wall
tiling to chef-caliber kitchens.
Personal outdoor areas for residents include
private balconies and breathtaking views of their city.
In the main areas, The Shaw has a welcoming lobby filled with comfortable seating and atmospheric lighting, a rooftop terrace and lounge, and is powered by smart home technology – app friendly building access, latch keyless entry, virtual front desk and integrated parcel locker systems for deliveries.
In the main areas, The Shaw has a welcoming lobby filled with comfortable seating and atmospheric lighting, a rooftop terrace and lounge, and is powered by smart home technology – app friendly building access, latch keyless entry, virtual front desk and integrated parcel locker systems for deliveries.
“The Shaw is truly a trophy asset with exquisite design and
superior apartment unit layouts. We are excited to add it to our portfolio,”
continued Irvin.
The JLL Capital Markets team representing the seller was led by
Managing Directors Walter Coker and Brian Crivella and Director Robert
Jenkins.
CONTACT:
Natalie Passarelli
Public Relations
Public Relations
Jones Lang LaSalle Americas, Inc.
200 E. Randolph St.
Chicago, IL 60601
Chicago, IL 60601
M +1 224 477 7307
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