HFF Announces Sale of Flats at Bethesda Avenue in Bethesda, Maryland
HFF (HF)
Last hff earnings: 4/24 04:15 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=205281&p=irol-irhome
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Source: Business Wire
WASHINGTON--(BUSINESS WIRE)-- Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Flats at Bethesda Avenue, a trophy mixed-use residential and retail property located in the heart of Bethesda, Maryland. The HFF team marketed the property exclusively on behalf of the seller, a joint venture between StonebridgeCarras, PN Hoffman, Buvermo and Northwestern Mutual, and procured the buyer, a fund managed by BlackRock Real Assets. Completed in 2015, Flats at Bethesda comprises 162 luxury apartment units and nearly 40,000 square feet of ground-floor retail. The property, which has a Walk Score® of 98, is situated along Bethesda Row proximate to 11.3 million square feet of existing office space with 1.7 million square feet of additional Class A space planned, as well as 533,000 square feet of high-end retail, entertainment and nightlife amenities. The transit-oriented property is a five-minute
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