Matan Companies Sells 1426 9th Street NW Commercial Duplex
Washington, DC - Matan Companies, one of the DC region's premier commercial real estate and development firms, announced today that it has sold its commercial property located at 1426 9th Street, NW in Washington DC for approximately $4,650,000. The fully renovated, 12,500 square foot commercial duplex was sold on September 29th 2014. The property is located in Washington DC's historic Shaw neighborhood, across from the new and dynamic City Market at O mixed-use complex.
1426 9th Street, purchased vacant in May 2013, sold fully leased after a substantial renovation. The tenant roster included Americans for Responsible Solutions, Emmaus Services, Bellwether Education Partners and Lumsden Insurance.
“1426 9th Street is a perfect example of how the deployment of local real estate investment capital into local markets helps to fuel dynamic, positive change,” said Dan Milligan, Finance Manager for Matan Companies. “Once renovated and actively marketed, 1426 proved to be an attractive, functional home for small, forward-thinking organizations who want to locate in growing and cutting-edge markets.”