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Land Assemblage

JPRES has participated in countless hard-to-acquire land purchases for strategic assemblages of development deals over the past several decades. In this capacity, JPRES has represented many local and national developers, including, but not limited to:

  • MRP Realty
  • Douglas Development
  • Akridge Company
  • Western Development
  • Trammell Crow
  • Bundy Development
  • Development Resources Inc (DRI)
  • JBG Companies
  • Greenberg Capital Corp
  • RecycleLand LLC
  • Rock Creek Property Group
  • Ingersoll and Block, PC
  • Camrax,Inc of New York City
  • The Peebles Corporation

Washington, DC Real Estate

Some of the assemblages include Washington, DC Squares 450,451,484,516,516-A, all in the Mount Vernon Square area.

CASE STUDY ONE:

JPRES was hired by Douglas Development Corporation to assemble Squares 450 and 451 in the Mount Vernon Triangle District of Washington, DC. Both city squares had more than 10 different owners and consisted of various historic properties. However, through persistence and negotiations JPRES was able to complete the assemblages and Douglas Development was able to develop what is known as the Association of American Medical Colleges (“AAMC”) located at 655 K Street, NW and 655 New York Avenue, NW. 655 K is a 200-unit apartment building with 28,368 square feet of retail on the ground floor. The AAMC Building and neighboring site consists of 1.2 Million square feet of office, retail, residential, and hotel space.

CASE STUDY TWO:

JPRES represented Trammel Crow in acquiring the bookend pieces of the assemblage of what is now known as 777 6th Street, NW. The pieces included a parking lot and historic town home which had been owned by the same family for over 75 years. 777 Sixth Street consists of 180,000 square feet of office space and 11,000 square feet of premium retail space.

CASE STUDY THREE:

JPRES represented Akridge and Western Development to complete the final pieces of a very difficult and complicated assemblage in historic Chinatown known as 616 H Street, NW. These difficult pieces were vital to the rear portion of the proposed building which included the parking garage entrance and common area trash/recycling equipment. The principals of Akridge and Western Development had been trying for over four years to acquire these pieces and JPRES was able to close these transactions in three months.