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J Street Merges With Woodmark

WASHINGTON, DC- J Street Cos will now consist of three divisions: Randall Hagner Residential, J Street Development and Woodmark.

By Erika Morphy | Updated on April 22, 2008

WASHINGTON, DC-J Street Cos. is merging with Woodmark Cos., a real estate firm that specializes in property management, leasing and investment services. There are now three divisions at the firm, with this latest addition to the J Street Cos. corporate portfolio: Randall Hagner Residential–the Randall Hagner commercial service lines will operate under the Woodmark banner–Woodmark, and J Street Development.

Woodmark was founded in 1995 by principals Edwin Beanblossom and Stan Ferenc. It has made a name for itself among institutional landlords–Kondobo, Rreef Funds, Starwood Capital Group, Bernstein Cos, Royal Dutch Shell–as well as institutional grade tenants, such as Washington Gas, Battelle Memorial Institute and Reading is Fundamental.

The company manages a portfolio of 4.3 million sf in the Washington metro area and Dallas. J Street Cos. chairman, Bruce Baschuk tells GlobeSt.com that he will be leveraging Woodmark’s institutional class bona fides to make inroads in both the leasing, property management and tenant representation business lines. The Woodmark merger delivers ‘instant credibility with institutional owners,” he says.

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