Calkain Arranges $14.9 Million Sale of Retail, Office Building in D.C.

MacArthur Retail & Professional Center was 90 percent leased at the time of sale to tenants such as Starbucks Coffee and The UPS Store on the ground floor. MacArthur Retail & Professional Center was 90 percent leased at the time of sale to tenants such as Starbucks Coffee and The UPS Store on the ground floor.

Washington, D.C. — Calkain Cos. has arranged the $14.9 million sale of MacArthur Retail & Professional Center, a 45,543-square-foot mixed-use in Washington D.C.’s Palisades neighborhood.

Rick Fernandez and Andrew Fallon of Calkain Cos. arranged the transaction on behalf of the undisclosed seller. A group of New York-based private investors acquired the asset, which was 90 percent leased at the time of sale to tenants such as Starbucks Coffee and The UPS Store on the ground floor. The upper two floors of the building house office space.

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