FCP ACQUIRES MIXED-USE PHASE I OF WEST VILLAGE FOR $35.25M

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DURHAM, N.C. — Chevy Chase, Md.-based Federal Capital Partners (FCP) has purchased Phase I of West Village, a mixed-use development located at 212 N. Duke St. in Durham, from members of National Champion Real Estate for $32.52 million. The project includes 241 apartment units and 10,000 square feet of integrated retail. FCP will partner with Greensboro, N.C.-based Bell Partners, who will invest alongside FCP in the deal. Cleveland-based BGL Real Estate Advisors, a division of Brown Gibbons Lang & Co., represented the seller in the transaction. Bethesda, Md.-based First Capital Realty represented the buyer.

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