BETHESDA, MD—Monument Realty has signed a full building lease with Abt Associates at 6130 Executive Blvd. The 155,000-square foot lease is the first for the two building, 328,000-square foot complex which Monument recently renovated.
Abt was represented by Cushman & Wakefield and Newmark Grubb Knight Frank. Avison Young represented Monument and its partner Angelo, Gordon & Co.
The renovation totaled more than $10 million.
Federal Realty to Announce New CFO Shortly
ROCKVILLE, MD—The REIT is wasting no time replacing its outgoing CFO James Taylor Jr., who is joining New York City-based Brixmor Property Group as CEO.
Taylor's last day is Thursday, May 19.
CEO Don Wood told listeners during the REIT's Q1 earnings call at the start of May that he hoped to make an announcement in the next 30 to 45 days. He said he has met with “a number of terrific prospects who would be awesome partners to me and our senior team.”
The company has also recruited James Milan, portfolio analyst at APG, as vice president and director of finance for the mixed-use division, Wood said. Milan is relocating to Rockville for the position.
Melissa Solis will assume some of his Taylor's duties as the company's principal accounting officer until a replacement is named.
Principal Puts 790,349-SF Industrial Portfolio on Market
BALTIMORE—Principal Real Estate Investors is putting a three-asset industrial portfolio located in Baltimore on the market. The portfolio consists of three buildings totaling 790,349 square feet. Cushman & Wakefield is representing Principal Real Estate Investors in the deal.
BETHESDA, MD—Monument Realty has signed a full building lease with Abt Associates at 6130 Executive Blvd. The 155,000-square foot lease is the first for the two building, 328,000-square foot complex which Monument recently renovated.
Abt was represented by Cushman & Wakefield and Newmark Grubb Knight Frank. Avison Young represented Monument and its partner
The renovation totaled more than $10 million.
Federal Realty to Announce New CFO Shortly
ROCKVILLE, MD—The REIT is wasting no time replacing its outgoing CFO James Taylor Jr., who is joining
Taylor's last day is Thursday, May 19.
CEO Don Wood told listeners during the REIT's Q1 earnings call at the start of May that he hoped to make an announcement in the next 30 to 45 days. He said he has met with “a number of terrific prospects who would be awesome partners to me and our senior team.”
The company has also recruited James Milan, portfolio analyst at APG, as vice president and director of finance for the mixed-use division, Wood said. Milan is relocating to Rockville for the position.
Melissa Solis will assume some of his Taylor's duties as the company's principal accounting officer until a replacement is named.
Principal Puts 790,349-SF Industrial Portfolio on Market
BALTIMORE—Principal Real Estate Investors is putting a three-asset industrial portfolio located in Baltimore on the market. The portfolio consists of three buildings totaling 790,349 square feet. Cushman & Wakefield is representing Principal Real Estate Investors in the deal.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
