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Middle Market Digest: The Mid-Atlantic

WASHINGTON, DC--Here are deals and news from around the region.

By Erika Morphy | erikamorphy | Updated on September 15, 2017

Ellington Plaza

NEWS & NOTABLES

ROSSLYN, VA–Monday Properties has announced that Evan Dreilinger joined the company as SVP, General Counsel. In this newly created role, Dreilinger will oversee all legal matters for the company. Prior to joining Gramercy, Dreilinger was an associate with Proskauer Rose in New York where, among other assignments, he represented Boston Properties in their $4 billion acquisition of the General Motors Building and 3 additional buildings from Macklowe Properties in 2008.

DEAL TRACKER

WASHINGTON, DC–Monument Realty has secured an equity investment for the seven-story, luxury high-rise building it is developing at 618 T St., NW, next to the Howard Theater. MAC Realty Advisors has placed $13.75 million in development capital, sourced from a privately owned, global investor. The project, called Ellington Plaza, will have 65 luxury condominium units and ground floor retail. It is expected to deliver next year. MAC fielded interest from a number of investors, according to Senior Director Nick Rubenstein.

“618 T St., NW, will stand out in the Shaw neighborhood,” said Michael Darby, Principal of Monument Realty in a prepared statement. “The project will offer residents the best of DC, while also delivering best in class unit designs and finishes.”

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