Hundreds of renters in Riverdale Park have a new owner as multiple apartment complexes trade hands in a single transaction. A bit further north, a court auction results in the sale of industrial land near Greenbelt Station. For different reasons, they are two notable commercial real estate transactions to enter the record from the past quarter in Prince George’s County’s Route 1 communities. River Crossing Apartments go for $8.4 million
A number of apartment properties traded hands for a cool $8.4 million in a sale recorded late November in Riverdale Park. All of the properties in the transaction neighbor each other, located at 5610, 5609 and 5505 54th Avenue in Riverdale Park.