WASHINGTON, Oct. 4 /PRNewswire/ -- Foxhall Partners announced today that it has, in partnership with an affiliate of Wexford Capital LP, closed on the all-cash acquisitions of two adjacent retail properties located at 3241 and 3245 M Street in Georgetown. The M Street properties are the latest investments by Foxhall Partners, a commercial real estate investment firm recently established by Matt Wexler, Brian Friedman and investor Michael Miller of Washington's Gelman family. Foxhall Partners specializes in value-added investment opportunities in the Washington, DC metropolitan area.
"Foxhall Partners is very excited to acquire these premier M Street assets," said Matt Wexler. "Our bullish view on the Georgetown market as one of the most desirable in the country is underscored by significant recent investment in the neighborhood and retail rents that have set new high watermarks in Washington."
The founding principals of Foxhall Partners have a collective 32 years of commercial real estate investment and development experience in Washington, DC. Brian Friedman was previously with pension fund advisor FMG and Matt Wexler was formerly with the JBG Companies and CIM Group. Foxhall's portfolio and debt positions include urban and infill investments in Washington, DC, and co-investments in select markets outside of Washington.
Added Brian Friedman, "These investments are indicative of Foxhall's commitment to investing in great urban neighborhoods such as Georgetown and Adams Morgan, where we see continued growth and appeal. Foxhall will be leading that transformation as one of the most active local investors in Washington."
The tenants of 3241 M Street and 3245 M Street are two acclaimed restaurants, Hook and Tackle Box. Foxhall Partners successfully negotiated new leases with the tenants prior to closing. Foxhall will provide property management services.
About Foxhall Partners
Foxhall Partners is a commercial real estate firm that specializes in opportunistic, value-added, and core-plus equity and participating debt investments in the Washington, DC metropolitan area, with primary focus on urban and infill neighborhoods.
About Wexford Capital LP
Wexford Capital LP is an SEC registered investment advisor with over $6 billion of assets under management. The firm, which was formed in 1994, manages a series of hedge funds and private equity funds from its Greenwich, CT headquarters.
SOURCE Foxhall Partners