Herndon, VA – Rick Fernandez, Senior Managing Director and Andrew Fallon, Executive Managing Director of Calkain’s Urban Investment Advisors, have been retained to sell the high profile corner real estate at 1522 14th St NW centrally located along DC’s dynamic Logan Circle to U Street retail corridor. The property is fully leased to the Cork & Fork Fine Wine Merchants and The Shade Store.
The highly visible corner real estate features a total of 2,715 square feet of street level retail space. “1522 14th is just around the corner from the Whole Foods grocery store that spurred redevelopment along 14th over a decade ago.” commented Fernandez. “The rental history along the block started at nearly $35 psf and has grown by over 125% in the last decade since the properties were redeveloped and there is still room for growth with this highly adaptable asset,” Fallon continued.
Calkain Companies LLC is a commercial real estate brokerage firm which specializes in assisting buyers and sellers with single and multi-tenant net leased properties through all aspects of the transaction including advisory, brokerage, capital markets, asset management and research. Calkain has a national platform with multiple office locations throughout the entire East Coast. Additional information about the firm and listings may be found at www.calkain.com.