2016-04 Greenhall Capital Partners Affliate Acquires Mixed-Use Building in SW, Washington, DC
Washington, DC – 3901 MLK JR AVE SW, LLC, an affiliate of private investment firm Greenhall Capital Partners, LP today announced that acquisition of a prime asset in the southwest quadrant of Washington, DC. The asset will take advantage of the pending relocation of the Department of Homeland Security to the former St. Elizabeth site in the Anacostia neighborhood. The investment closed on Q3 with construction slated to begin in early Q4.
Otis Ofori, Principal of Greenhall Capital, said: “We are excited about this property and its prime location on the busy MLK corridor. Our team did an excellent job of identifying the asset and we have commercial tenants ready to occupy the ground level space after we are done with our rehab.” Greenhall has retained Focus Construction to perform the work.
Funding for the transaction came from Greenhall Capital Real Estate (GCRE), GCP’s real estate group that provides acquisition capital for real estate growing companies.
* * * * * About Greenhall Capital Partners, LP Greenhall Capital Partners is a private investment fund focused on real estate, special situation credit investing and taking equity positions through managed buyouts, growth capital investments and leveraged recapitalizations in lower middle market companies. We invest in opportunities below $50 million. Greenhall specifically targets sectors in Real Estate, Professional Services, and Information Technology. The firm is headquartered in Washington, DC and maintains an office in New York.