Carr Properties Buys Montgomery Center in DC

Reported Oct 22, 2026 · Source: Bisnow

Source: BisnowRead the full report at Bisnow ↗

Deal details

Buyer
Carr Properties
Seller
CarrAmerica
Price
$30M
Size
2 acres
Asset class
Retail
Transaction
Sale
Sub-market
Arlington / Alexandria / Falls Church
Metro
Washington, DC
Reported date
Oct 22, 2026

Summary

Carr Properties, a developer and owner led by Oliver Carr III, purchased the 2-acre parcel at 300 Montgomery St. in Old Town North with plans to turn it into 373 units, the company told Bisnow. Carr Properties' new site houses a low-rise square block of midcentury retail called Montgomery Center.

Summarized from the article; the quoted lines below are from the article itself.

Source: Bisnow

Read the full report at Bisnow. What the article says:

  • Deal / Buyer
    Carr Properties, a developer and owner led by Oliver Carr III, purchased the 2-acre parcel at 300 Montgomery St. in Old Town North with plans to turn it into 373 units, the company told Bisnow.
  • Deal
    Carr Properties' new site houses a low-rise square block of midcentury retail called Montgomery Center.
  • Price
    The company said the sale closed on Wednesday and that it paid $30M.
  • Seller
    Oliver Carr III's firm purchased a 2-acre site in Old Town North from his father's firm, CarrAmerica.

Article date: 2026-10-22T18:02:58-04:00

Frequently asked questions

Who bought Montgomery Center?
Carr Properties bought Montgomery Center in Arlington / Alexandria / Falls Church, DC, according to Bisnow.
How much did Montgomery Center sell for?
The reported price is $30M, per Bisnow.
Who sold Montgomery Center?
The seller was CarrAmerica, per Bisnow.

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