PRP Acquires Spring Valley Village Shopping Center in Washington, D.C. for $47.5 Million

Washington, D.C. — PRP has acquired Spring Valley Village, a 95,000-square-foot shopping center in Washington, D.C., for $47.5 million. Originally constructed in 1939 and renovated in 2017, the center comprises six buildings that were 98 percent leased at the time of sale. Tenants at the property include Crate & Barrel, Millie’s Restaurant, Capital One Bank, Starbucks Coffee, Small Door Veterinary, Compass Coffee and Blue Lane.