Sam’s Park & Shop in Cleveland Park SoldDecember 17, 2020
One of the D.C. area’s oldest strip mall-style shopping centers — one that dates back to the 1930s, in fact — has been sold for only the second time in its history.
Federal Realty Investment Trust has sold Sam’s Park & Shop in Cleveland Park to Charlotte, North Carolina-based Asana Partners, according to D.C. deed records. Asana paid $39 million for the property, which totals 50,400 square feet on just over 1 acre — or about $700 per square foot.
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Source: Washington Biz Journal, Commercial Real EstateBack