VIENNA, VA–The Navy Federal Credit Union $115 million headquarters project here recently had a topping out ceremony. The four-story, 234,000-square-foot building is now ready for the next stage of the development.

BETHESDA, MD–ROSS Management Services has hired Dawn Miller as vice president of marketing. Miller comes to ROSS from Lerner Corp. and brings more than 30 years of property management marketing experience.

DEAL TRACKER

BETHESDA, MD–Global Medical REIT has closed on its acquisition of three rehabilitation hospitals for $68 million from Healthcare Realty Trust. The three hospitals are HealthSouth rehabilitation hospitals in Mesa, AZ, Altoona, PA and Mechanicsburg, PA. The three hospitals are leased to HealthSouth Corporation under long-term triple net lease. With the close of this deal, the REIT has met its year end goal of deploying all of the funds raised during its IPO in July, according to CEO David Young.

CHEVY CHASE, MD–Federal Capital Partners and Strategic Capital Partners have signed Align Technology for 60,000 square feet at Forty540, a five-story, 200,000 square foot office development at the I40 and I540 intersection in the RTP/I40 submarket of Raleigh-Durham, NC. The project is now 30% leased. Forty540 will deliver in March 2017.

NEWS & NOTABLES

WASHINGTON, DC–Hoffman-Madison Waterfront, developer of The Wharf, announced it will be delivering DC's first office building to be built on a pier later this year. Called Pier 4, the 28,000-square-foot structure extends 260 feet into Potomac River. The first floor is fully leased. Amy Bowser, Trip Howell and Brian Dawson of JLL are leading the leasing team.

WASHINGTON, DC–Broad Street Realty has opened its fourth office in the area at 1015 15th St., NW. The new office will focus on business development. It will be staffed by SVP David J. Belford, EVP Haze McCrary, VP Marc Fechter and associate Collin Brown.

WASHINGTON, DC–GSA has issued its Request for Proposals (RFP) – Phase I for the new Department of Labor headquarters.

VIENNA, VA–The Navy Federal Credit Union $115 million headquarters project here recently had a topping out ceremony. The four-story, 234,000-square-foot building is now ready for the next stage of the development.

BETHESDA, MD–ROSS Management Services has hired Dawn Miller as vice president of marketing. Miller comes to ROSS from Lerner Corp. and brings more than 30 years of property management marketing experience.

DEAL TRACKER

BETHESDA, MD–Global Medical REIT has closed on its acquisition of three rehabilitation hospitals for $68 million from Healthcare Realty Trust. The three hospitals are HealthSouth rehabilitation hospitals in Mesa, AZ, Altoona, PA and Mechanicsburg, PA. The three hospitals are leased to HealthSouth Corporation under long-term triple net lease. With the close of this deal, the REIT has met its year end goal of deploying all of the funds raised during its IPO in July, according to CEO David Young.

CHEVY CHASE, MD–Federal Capital Partners and Strategic Capital Partners have signed Align Technology for 60,000 square feet at Forty540, a five-story, 200,000 square foot office development at the I40 and I540 intersection in the RTP/I40 submarket of Raleigh-Durham, NC. The project is now 30% leased. Forty540 will deliver in March 2017.