Kettler, one of the Washington area’s leading diversified real estate development and property management companies, announced today that it has purchased 19.6 acres in Pentagon City from affiliates of Vornado Realty Trust for approximately $220.4 million. Kettler closed on the initial 11 acres today for $104.3 million, and plans to purchase the remaining acreage over the next year.
Monday, May 14, 2007
Pentagon City is about to get a huge TOD. 3,200 Units is a lot so it might take a while to build. But this will give a huge ridership boost to the two metro lines.