Major property sale in North Brentwood
Is a multifamily developer eyeing North Brentwood for a major redevelopment project? A recent property sale in North Brentwood’s Rhode Island Corridor suggests so. According to state property records,, a corporate entity named NP 111 LLC purchased several parcels near the 4550 block of Rhode Island Avenue in North Brentwood in a two transactions recorded July 12, 2019. NP 111 LLC is a holding company of RSE Capital Partners LLC, a real estate investment trust focused on multifamily properties in the Washington, D.C., area. NP 111 LLC bought approximately one acre of land for $4.9 million in separate transaction with two other real estate ventures registered to real estate developer Langon Drew Hample: 4550 Rhode Island LLC and Congressional Commercial LLC.
The properties are presently zoned for mixed-use-infill development. One is a presently home to a Beacon Roofing Supply warehouse, the other is an abandoned storefront that recently hosted an antique plumbing supply store.