In May 2024, Mosaic Realty Partners acquired 7001 Carroll Avenue and 7008 Westmoreland Avenue, 20,852 square feet of retail located on the border of Maryland and Washington DC in Takoma Park, Maryland. The property is anchored by Old Takoma Ace Hardware on a recently extended, long-term lease, that makes up roughly 50% of the asset’s GLA. Additional tenants include Peoples Book, WALS Studio, and Tonal Park along with some small office suites on the second floor. The asset is situated in a thriving and diverse community that will continue to benefit from the growth and development along the DC border a quarter mile from the property. Additionally, the property is located about a quarter mile from Metrorail’s Red Line, and will be about two miles from the new Purple Line currently being developed.