JCR acquires a retail condominium in Washington, D.C.
Washington, D.C. — The JCR Companies has acquired a retail condominium and a commercial garage at The Metropole, a luxury condominium residence in Washington, D.C.’s Logan Circle neighborhood. The fully occupied 23,225-sq.-ft. retail condominium hosts Vida Fitness and Bang Salon. The acquisition also includes the commercial portion (two levels) of the building’s underground parking garage.
The Metropole was built in 2008 and stands on the corner of 15th Street and P Street, close to both the Dupont Circle and U Street Metro stations, at 1515 15th Street, NW.
Eagle Bank financed JCR’s $6.3 million acquisition. CBRE represented the seller, American Realty Advisors.
DC Homevet to Brookland Plaza in Washington, D.C.
Washington, D.C. — DC Homevet has leased a 4,400-sq.-ft. location in Brookland Plaza in Washington, D.C.’s northeastern quadrant. DC Homevet will operate District Veterinary Hospital and Concierge Medicine Center. The Center will provide medicine, surgery, concierge and specialized services primarily for dogs and cats.
Divaris Real Estate, the property’s leasing agent, represented the landlord, Jan and Anna Slamen Family Trust in the transaction.
Other retailers in Brookland Plaza’s line-up include The Arc, Magic Hair Salon, DC Scrubs, Pizza Boli’s, Brookland Market, Delta Elite and ICS.
Divaris Real Estate is a member of Realty Resources, a national group of independent retail property brokers and managers, covering 91 major markets throughout the U.S.
Jimmy Johns inks 3 leases in Detroit metro area
Bloomfield Hills, Mich. — Jimmy Johns has signed leases for three new restaurants in the Detroit metropolitan area, two in Livonia and one in Northville.
In Livonia, Jimmy Johns signed a 2,277-sq.-ft. lease on Middlebelt Road. Mid-America Real Estate-Michigan represented Jimmy Johns and the landlord, CVS, in the transaction.
The second Livonia lease secured a 1,740-sq.-ft. space on a pad in a former Wal-Mart redevelopment at the intersection of I-96 and Middlebelt Road. Mid-America represented Jimmy Johns in the transaction, and Howard Schwartz Commercial Real Estate represented the landlord.
In Northville, Jimmy Johns took 1,920 sq. ft. and secured the drive-thru position within Phase I of Northville Park Place at the corner of 7 Mile and Haggerty Roads. Mid-America represented Jimmy Johns, and the landlord, Schostak Brothers & Co., was self-represented.
Mid-America Real Estate is the Michigan ChainLinks representative. ChainLinks Retail Advisors is a national and international network of over 60+ independent offices specializing in tenant representation and shopping center leasing.