Washington Property Company (WPC) of Bethesda, MD has acquired two office buildings in the Maryland and Virginia suburbs of Washington, DC for a total of $7.96 million. These acquisitions – one in Montgomery County, MD and the other in Fairfax County, VA – represent deep-value opportunities from motivated sellers.
Washington Property Company has delivered its latest luxury apartment community, Solaire Wheaton, located just two blocks from the Wheaton station on Metrorail’s Red Line linking Washington, DC with its Maryland suburbs. Apartments are leasing quickly, and some residents already have moved in. Like WPC’s first Solaire community, located just steps from the Silver Spring (MD) Metro station, Solaire Wheaton offers the ultimate in convenient living at rental rates substantially below those in Washington, DC. Solaire Wheaton residents can not only walk to Metro but also to Westfield Wheaton Mall, anchored by Costco, Target, Macy’s, Sears, JC Penney, and Dick’s Sporting Goods.
Grosvenor Americas, owner of the 250,000 square foot Rice Lake Square shopping center in the Chicago suburb of Wheaton, IL, has begun work on building and site plan improvements that will significantly enhance the shopping experience at the property. The impressive refurbishment will add architectural interest with towers topped by large lantern-like LED lighting elements […]