Menkiti Group Commercial Lists the Imperial in Columbia Heights
WASHINGTON, DC – Menkiti Group Commercial, the recently-launched commercial division of the Menkiti Group, today announced its exclusive listing of the 27,000 square foot commercial condominium space in the Imperial Building at 1763 Columbia Road, NW.
The Imperial is zoned C-2-B, permitting matter-of-right medium density development, including office, retail, housing, and mixed uses within walking distance of the popular Adams Morgan neighborhood and the Woodley Park Metro Station. The current owner-occupant, College Summit, Inc., uses the facility as commercial office space. Menkiti Group commercial has also been tasked with consolidating College Summit’s national operations into another leased or owned facility.
Langdon Hample, Director of Menkiti Group Commercial, stated: “The Imperial, with 27,000 gross square feet on three levels and fenced onsite parking, offers a prime location for office, residential, and ground-floor retail. It would make a dynamite large restaurant space, or mini indoor mall.”
Menkiti Group Commercial recently launched out of the Menkiti Group’s acquisition of Congressional Commercial, LLC, a boutique commercial real estate investment company. The union allows the Menkiti Group to function as a full-service real estate company, with development, residential sales, commercial sales, and asset management among its core offerings.
Through Menkiti Group Commercial, the Menkiti Group is poised to acquire an additional $100 million in portfolio assets by 2018, with a concentration on neighborhood commercial along emerging corridors, retail, flex/industrial, and multi-family projects. The company will ultimately add a full service debt and equity procurement division, and is currently recruiting a select group of acquisitions and brokerage associates.
The Menkiti Group is a real estate services company dedicated to transforming lives and communities in the Washington DC area. The Menkiti Group is focused on strengthening neighborhoods through the strategic development, management, and sale of real estate in urban markets. For more information on Menkiti Group Commercial, visit www.menkitigroup.com/commercial. For potential acquisition opportunities please contact Langdon Hample at Langdon@menkitigroup.com or 202.733.5468.
Contact: Stephanie Liotta-Atkinson