CEO Don Wood mentioned the hire during the REIT's latest earnings call.

The official announcement does serve to highlight the growing importance mixed-use development within the REIT's portfolio. The mixed-use division consists of 16 properties from Boston to Miami that by 2019 will have approximately 4.2 million square feet of retail space, over half a million square feet of office space, 1,700 rental apartments and 330 hotel rooms.

Pax River Office Park Portfolio Goes to Auction

LEXINGTON PARK, MD--The Pax River Office Park portfolio, a seven-building, 181,480-square-foot office/flex campus here will be offered in a live bid event on Ten-X's transaction marketplace on June 28-30.

The portfolio is currently 76% leased to seven tenants including Lockheed Martin. Ten-X is working with Donald Schline of Mackenzie Commercial to market and sell the properties, which include offices, a warehouse and flex space for the US Naval Air Systems Command, Naval Air Warfare Center Aircraft Division and government contractors serving the Mission at the Naval Air Station Patuxent River. The buildings were constructed between 1979 and 1997 and cover more than 11 acres. The current owner/seller has operated the facility since 2007, according to Ten-X.

“Aggressive leasing, enhanced capital expenditures and increased tenant improvement packages will give the next owner the opportunity to increase occupancy and drive rents,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith in a prepared statement. “This is an asset with considerable investment upside.”

This portfolio traded in 2008 to The Hampshire Cos.

Maryland Bank & Trust Co. refinanced the portfolio a year later for $8 million, in a fixed-rate deal arranged by the New Jersey office of Holliday Fenoglio Fowler.

WASHINGTON, DC--Baltimore-based Segall Group, a retail real estate broker for landlords and tenants, has opened an office in Rosslyn, VA. The office will be headed by Joe Fleischmann, who was promoted to principal and lead of the local office. Fleischmann plans to recruit several retail brokers and support staff in the near term.

Segall Group was founded in 2008 by Andy Segall. The company began attracting business from the Washington DC area; today, he says, more than half of Segall Group's business comes from here. “Opening this office is a critical component of our future growth,” he says.

Federal Realty Makes James Milam's Hire Official

ROCKVILLE, MD--Well, it wasn't news about the new CFO, but Federal Realty Property Trust has announced a new addition to its management team: James B. Milam has been named VP of Finance at the Mixed-Use division.

CEO Don Wood mentioned the hire during the REIT's latest earnings call.

The official announcement does serve to highlight the growing importance mixed-use development within the REIT's portfolio. The mixed-use division consists of 16 properties from Boston to Miami that by 2019 will have approximately 4.2 million square feet of retail space, over half a million square feet of office space, 1,700 rental apartments and 330 hotel rooms.

Pax River Office Park Portfolio Goes to Auction

LEXINGTON PARK, MD--The Pax River Office Park portfolio, a seven-building, 181,480-square-foot office/flex campus here will be offered in a live bid event on Ten-X's transaction marketplace on June 28-30.

The portfolio is currently 76% leased to seven tenants including Lockheed Martin. Ten-X is working with Donald Schline of Mackenzie Commercial to market and sell the properties, which include offices, a warehouse and flex space for the US Naval Air Systems Command, Naval Air Warfare Center Aircraft Division and government contractors serving the Mission at the Naval Air Station Patuxent River. The buildings were constructed between 1979 and 1997 and cover more than 11 acres. The current owner/seller has operated the facility since 2007, according to Ten-X.

“Aggressive leasing, enhanced capital expenditures and increased tenant improvement packages will give the next owner the opportunity to increase occupancy and drive rents,” said Ten-X Commercial Real Estate Division General Manager Gordon Smith in a prepared statement. “This is an asset with considerable investment upside.”

This portfolio traded in 2008 to The Hampshire Cos.

Maryland Bank & Trust Co. refinanced the portfolio a year later for $8 million, in a fixed-rate deal arranged by the New Jersey office of Holliday Fenoglio Fowler.