WASHINGTON, DC – CIM Group announced the sale of The Argonne, a 276-unit, eight-story apartment building that was acquired in 2013.
Built in 1923, the Argonne is a handsome brick building offering historic charm with residences designed in studio to three-bedroom floorplans. Residents have access to many amenities including a swimming pool, fitness center, conference center, yoga room and dog park.
Under CIM Group s management, The Argonne has undergone a program of upgrades and modernization including to the building s lobby, common areas, corridors and façade.
Located at 1629 Columbia Rd. NW at the corner of Columbia Road and 16th Street NW, residents are walking distance to the Columbia Heights Metro station providing regional connectivity. The Argonne skirts the Columbia Heights neighborhood and is convenient to Washington DC s many historic neighborhoods, cultural attractions, hubs of business and government, as well as parks, shopping, dining and entertainment.
For 30 years, CIM Group has applied its community-focused investing approach by utilizing its broad expertise in owning, developing, repositioning, and operating real estate assets to enhance communities throughout the Americas.