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Washington DC & Mid-Atlantic  |  February 26, 2020
David Cohen
By: David Cohen

Maryland MXU Project Trades for $63M

JLL has arranged the $62.7 million sale of Monument Village, a mixed-use residential and retail property in College Park, MD.

Built in 2016, the property consists of 235 residential units averaging 894 square feet, 12,200 square feet of amenity space and 4,800 square feet of ground-floor retail. Amenities include a resort-style pool, outdoor grilling areas, fitness center, clubroom with catering kitchen and billiards, movie theater and gaming room with snack bar, conference room, lounge with computer workstations and coffee bar, pet spa and dog run.

Walter Coker, Brian Crivella and Robert Jenkins of JLL represented the seller, Monument Realty, in the transaction. The buyer was Foulger-Pratt.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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