News: Front Section
Posted: January 12, 2012
CBRE brokers sale of Montpelier Crossing to Federal Capital Partners
New Boston Fund, Inc. has sold Montpelier Crossing to Federal Capital Partners. Located at 9689 Muirkirk Rd., Montpelier Crossing is a 358,690 s/f apartment and townhome complex that sits on 17.53 acres of land. The property is comprised of 386 units across 13 buildings, and is 93% occupied.
Located halfway between Baltimore and Washington, D.C., Montpelier Crossing is right off the Baltimore-Washington Pkwy., a short drive from I-95 and U.S. Rte. 1.
Bill Roohan, vice chairman, and Mike Rudolph, senior vice president, of CB Richard Ellis represented both New Boston and Federal Capital Partners in the transaction.
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