Sunday, December 02, 2012

HOUSING COMPLEX | Anacostia Supermarket Sold to Virginia Investor, Who Hopes to Replace It With National Tenants

screenshot from Google Maps

Go HERE to read the full article by Aaron Wiener.


Good Hope Investments LLC bought the Anacostia Warehouse Supermarket building at 1918 14th St. SE on Nov. 2, according to city deed records. A search for the company yielded a residential address in Vienna, Va., where I reached Mossadaq F. Chughtai, who confirmed that he purchased the store. "We actually are negotiating with some national tenants," says Chughtai, who has owned several D.C. properties. "We have some [letters of interest] on the table which we haven’t signed yet. My goal is to draw a national or international tenant. This area will only boost up when you start to have national companies." 
Chughtai says he can't name any of the prospective tenants until they sign on. He also says he was approached by some less appealing tenants and turned them down.
"I have been approached by liquor stores, by nightclubs, and by check-cashing people, and by mom-and-pop food stores and dollar-stores companies," he says. "But I have decided not to take that route. I think it’s an interest of mine, an interest of the community that someone needs to step up and start courting national tenants."

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