MANASSAS, VA–Dulles Glass and Mirror plans to move its corporate headquarters, research and development, manufacturing and warehousing operations to 7610 Doane Dr. The move is an expansion that represents a $7.5 million investment and 40 net new jobs. The company is receiving a $100,000 Economic Development Opportunity Fund grant for the move.

COLUMBIA, MD–Kimco Realty has signed three new leases at its Wilde Lake center following a $18.1 million redevelopment into a mixed-use project of 230 residential rental units, 30,000 square feet of office, 41,000 square feet of retail, and 20,000 square feet of restaurants. The leases are with Starbucks, which is opening both a café and a drive thru in fall 2017, Dynamic Dental Care, which opened December 2016 and Salons by JC.

NEWS & NOTABLES

CHARLOTTE, NC–Asana Partners has announced the final close of Asana Partners Fund I with $500 million in equity commitments. The investors ranged from state pension funds, municipal pension funds, corporate pension funds, insurance companies, and endowments. The fund was oversubscribed and achieved its hard cap of $500 million within nine months of launch. The fund is targeting retail real estate investment opportunities in high growth urban and infill neighborhood locations in the United States. Twenty-five percent of the fund's equity commitments have already been invested in or committed to neighborhood retail markets in Washington, DC, Charlotte, Atlanta, and Austin.

WASHINGTON, DC–The Equipment Leasing and Finance Association's monthly leasing and finance index found that overall new business volume for December 2016 was $12.1 billion, down 3% year-over-year. Volume was up 89% month-to-month from $6.4 billion in November in a typical end-of-year spike. Cumulative new business volume for 2016 was down 2% from 2015.

DEAL TRACKER

MANASSAS, VA–Dulles Glass and Mirror plans to move its corporate headquarters, research and development, manufacturing and warehousing operations to 7610 Doane Dr. The move is an expansion that represents a $7.5 million investment and 40 net new jobs. The company is receiving a $100,000 Economic Development Opportunity Fund grant for the move.

COLUMBIA, MD–Kimco Realty has signed three new leases at its Wilde Lake center following a $18.1 million redevelopment into a mixed-use project of 230 residential rental units, 30,000 square feet of office, 41,000 square feet of retail, and 20,000 square feet of restaurants. The leases are with Starbucks, which is opening both a café and a drive thru in fall 2017, Dynamic Dental Care, which opened December 2016 and Salons by JC.