Green Touch Builders | Multifamily developer UIP makes retail buy in Brookland
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March 27, 2015 By SEO Admin

Multifamily developer UIP makes retail buy in Brookland

D.C.-based multifamily developer Urban Investment Partners has made the jump into retail with its acquisition of a Brookland shopping center in Northeast Washington.

UIP, known for its restoration of older apartment buildings in neighborhoods such as Columbia Heights and Adams Morgan, spent about $5.5 million for the nearby Brookland Plaza, an 18,000-square-foot retail center just north of Michigan Avenue NE and the Brookland-CUA Metro. It purchased the center earlier this week from two private…