News

November 5, 2012

Lincoln Property Company Assists in Sale of 1539 7th Street N.W.

Lincoln Property Company is pleased to announce the sale of 1539 7th Street, N.W. in Washington’s Shaw District, for $852,000.  Merrill Turnbull and Adam Biberaj of Lincoln Property Company represented the seller, 1539 7th Street LLC, in the sale of the property to Fundrise 1539 7th Street LLC.

The 3,770-sq. ft. retail building was vacant at closing.  It is located across from the O Street Market Redevelopment and just south of the Shaw Metro station.  “The 7th street corridor is witnessing a tremendous amount of new investments and Fundrise’s purchase of this building only adds to the excitement,” Biberaj says.