JV BUYS JUNIPER GARDENS APT. COMPLEX FOR $4.1M

by admin

WASHINGTON, D.C. — A joint venture between Washington, D.C.-based Rock Creek Property Group and BBP has purchased the 71-unit Juniper Gardens, an apartment complex located at 7700-7730 Eastern Ave. NW and 815-825 Juniper St. NW in Washington, D.C., from Premier Bank for $4.1 million. The buyer is planning a complete gut renovation of the property and has selected Washington, D.C.-based Bonstra Haresign Architects as the project architect. The renovation will begin in the first half of 2012 with completion slated for late 2012 or early 2013.

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