WASHINGTON, DC–Principle Real Estate Consultants, a full-service real estate consulting firm with offices in Ellicott City, MD; York, PA; and the Washington DC area, has recruited Michael J. Chicorelli as partner. The company launched in March 2015 and has since tripled its headcount. Chicorelli joins Principle with over 10 years of experience in the appraisal industry. He most recently was a senior appraiser with Valbridge Property Advisors | Lipman Frizzell & Mitchell.

BETHESDA, MD–Federal Realty Investment Trust has elected Elizabeth Holland to serve on its Board of Trustees. She will fill a newly added seat as approved by the Board of Trustees earlier this month. Holland is the CEO of Abbell Credit Corporation and Abbell Associates, a seventy-year-old private real estate acquisition, development and management company.

BALTIMORE, MD–MacKenzie Commercial Real Estate Services just signed two, long-term leases at White Marsh Business Center with CoreLife and Advantage Psychiatric Services. The leases totaled nearly 11,000 square feet. Meghan Roy, Joe Bradley, Matt Mueller, and Henson Ford represented the landlord Doug Legum of Douglas Legum Development, Inc.

NORTHERN VIRGINIA–Prince William County has surpassed 3 million square feet of data center space, a significant milestone for the county. According to Corey A. Stewart, chairman of Prince William Board of County Supervisors, “Data centers have not only created 800 high-value jobs that provide economic prosperity for our citizens, but trigger a follow-on economic impact to construction and other service-orientated labor markets.”

PRINCE GEORGE's COUNTY, MD–HFF has closed the sale of four industrial buildings, or 401,856 square feet, in Sunnyside Industrial Center and Lincoln 495 in two separate transactions. HFF marketed Sunnyside Industrial Center on behalf of Velsor Properties. The Donohoe Companies purchased the center. HFF marketed Lincoln 495 on behalf of TH Real Estate, a division of TIAA Global Asset Management, selling the property to Hartz Mountain Industries.

PEOPLE

WASHINGTON, DC–Principle Real Estate Consultants, a full-service real estate consulting firm with offices in Ellicott City, MD; York, PA; and the Washington DC area, has recruited Michael J. Chicorelli as partner. The company launched in March 2015 and has since tripled its headcount. Chicorelli joins Principle with over 10 years of experience in the appraisal industry. He most recently was a senior appraiser with Valbridge Property Advisors | Lipman Frizzell & Mitchell.

BETHESDA, MD–Federal Realty Investment Trust has elected Elizabeth Holland to serve on its Board of Trustees. She will fill a newly added seat as approved by the Board of Trustees earlier this month. Holland is the CEO of Abbell Credit Corporation and Abbell Associates, a seventy-year-old private real estate acquisition, development and management company.