{"id":1004108891,"date":"2014-12-04T10:44:13","date_gmt":"2014-12-04T18:44:13","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=310431"},"modified":"2020-05-19T05:37:17","modified_gmt":"2020-05-19T13:37:17","slug":"tiaa-cref-buys-d-c-s-flats-130-at-constitution-square-2","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/tiaa-cref-buys-d-c-s-flats-130-at-constitution-square-2\/","title":{"rendered":"TIAA-CREF Buys D.C.\u2019s Flats 130 at Constitution Square"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<div id=\"attachment_310437\" class=\"wp-caption alignright\" style=\"width: 241px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/Flats-130-at-Constitution-Square.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-310437\" title=\"Flats 130 at Constitution Square\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/Flats-130-at-Constitution-Square.jpg\" alt=\"\" width=\"231\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Flats 130 at Constitution Square<\/p>\n<\/div>\n<p style=\"text-align: justify;\">TIAA-CREF has added another multifamily property to its Washington, D.C., portfolio. The national financial services organization recently purchased Flats 130 at Constitution Square for an undisclosed price. The seller was a joint venture between Bethesda-based StonebridgeCarras and an affiliate of Walton Street Capital L.L.C., of Chicago.<\/p>\n<p style=\"text-align: justify;\">Flats 130 at Constitution Square is a Class A multi-housing community located at the intersection of First and M streets, N.E., in D.C.\u2019s NoMa neighborhood. The property features 643 studio, one- and two-bedroom apartment units, above a 50,000-square-foot Harris Teeter grocery store, which anchors the ground-floor retail space. Community amenities include a rooftop swimming pool, a club room, a dog park and a two-story fitness center.<\/p>\n<p style=\"text-align: justify;\">TIAA-CREF\u2019s new acquisition was constructed in two phases between 2010 and 2013. Flats 130 is part of the 2.5 million-square-foot, LEED-ND Gold-certified Constitution Square mixed-use development. The apartment community itself is LEED Gold certified and includes numerous green features.<\/p>\n<p style=\"text-align: justify;\">HFF L.P. marketed Flats 130 on behalf of the seller. The HFF team included executive managing director Stephen Conley, senior managing directors Dave Nachison and Alan Davis, and associate directors Brenden Flood and Bret Thompson.<\/p>\n<p style=\"text-align: justify;\">Davis described Flats 130 as &#8220;one of the highest-quality residential buildings in the District.\u201d Nachison added that \u201cTIAA-CREF clearly recognized in Flats 130 the very attractive combination of a trophy-quality asset with immediate Metro access and potential for outsize growth with an increasing number of residents, employers and retailers looking to call NoMa home.\u201d<\/p>\n<p style=\"text-align: justify;\">This year has been busy one for TIAA-CREF. The national financial services organization has expanded its Washington, D.C. portfolio with both commercial and residential assets. This summer, it purchased the nine-story <a href=\"https:\/\/www.multihousingnews.com\/cities\/washington-dc\/tiaa-cref-buys-the-louis-at-14thu\/1004103940.html\" rel=\"nofollow\" ><em>Louis at 14th\/U<\/em><\/a> residential and retail development for $176.5 million. The sale resulted in a record-breaking $860-per-square-foot price.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <a href=\"https:\/\/flats130.com\" rel=\"nofollow\" >flats130.com<\/a><br \/>\n<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TIAA-CREF has added another multifamily property to its Washington, D.C. portfolio. The national financial services organization has recently purchased the Flats 130 at Constitution Square for an undisclosed price. The seller was a joint venture between Bethesda-based StonebridgeCarras and an affiliate of Walton Street Capital, L.L.C., from Chicago.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004108891","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TIAA-CREF Buys D.C.\u2019s Flats 130 at Constitution Square - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/tiaa-cref-buys-d-c-s-flats-130-at-constitution-square-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TIAA-CREF Buys D.C.\u2019s Flats 130 at Constitution Square\" \/>\n<meta property=\"og:description\" content=\"TIAA-CREF has added another multifamily property to its Washington, D.C. portfolio. The national financial services organization has recently purchased the Flats 130 at Constitution Square for an undisclosed price. The seller was a joint venture between Bethesda-based StonebridgeCarras and an affiliate of Walton Street Capital, L.L.C., from Chicago.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/tiaa-cref-buys-d-c-s-flats-130-at-constitution-square-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-04T18:44:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T13:37:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/Flats-130-at-Constitution-Square.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/tiaa-cref-buys-d-c-s-flats-130-at-constitution-square-2\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/tiaa-cref-buys-d-c-s-flats-130-at-constitution-square-2\/\",\"name\":\"TIAA-CREF Buys D.C.\u2019s Flats 130 at Constitution Square - 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