Cambridge Place

Cambridge Place was a $250 million mixed-use redevelopment
of Pepco former HQ site. Mr. Johnson’s role was as a real
estate brokerage and development consultant. The partner
found a buyer to acquire the property in US Bankruptcy Court
and identified development partner that would co-develop
site. The property was incorporated into the Sectional Map
Amendment process achieving increased density by rezoning
site into the M-X-T transit oriented Westphalia City Center. The
site was acquired for $10.8 Million. The value after rezoning
the property was valued at $40 Million.

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