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A New York-based real estate investment company focused on low- to middleincome communities bought its sixth D.C.-area shopping center in early February.
UrbanAmerica purchased the 20,000-square-foot Benco Shopping Center in Northeast for about $2.6 million. The center, sold by D.C.-based Jenco Group, is at the intersection of East Capitol Street and Benning Road, and is fully leased.
"It's in a heavily trafficked corridor," says...