Project
1592 Rockville Pike is a fully leased, 98,000 square foot retail center located within walking distance of the Twinbrook Metro Station.
Challenges
J Street had a relationship with the Purchaser who was searching for retail properties to buy. The property was being marketed to a very small group of potential buyers. J Street’s Client was not on this list but due to J Street’s perseverance, we were able to participate in the sale process.
Solutions
Within one month of the first visit to the Property, J Street’s client had placed it under contract.
Results
Since the purchase, J Street’s client has undertaken a complete rezoning of the property which will create up to 500,000 square feet of residential, office and retail space.