NEWS & NOTABLES
GREENSBORO, NC–Bell Partners has promoted two members of its investment team, Nickolay Bochilo and Joseph Cannon, to Executive Vice President. Bochilo joined Bell Partners in 2001 and Cannon joined in 2009.
ARLINGTON, VA–The Lennar Palm Atlantic Division announced its new senior leadership team following the recent $9.3 billion merger deal between Miami-based Lennar Corp. and Virginia-based CalAtlantic Group. The new executives joining the division as a result of the merger include Division President Dan Grosswald, Vice President of Purchasing and Design Steven Dassa, Vice President of Field Operations Scott Harala, and Vice President of Sales and Marketing Chris Leimbach.
DEAL TRACKER
WASHINGTON, DC–HFF is marketing Washington Harbour, an iconic, 562,105-square-foot, mixed-use property with office and retail space on Georgetown's waterfront. It is 98% leased to 31 tenants with seven years of weighted average remaining lease term.
HERNDON, VA–CBRE has secured $152 million for the acquisition of One Dulles Tower, a 403,622-square-foot, 13-story office. Shawn Rosenthal and Sunny Somaiya of CBRE Capital Markets' Debt & Structured Finance team, based in the firm's Midtown Manhattan office, secured the 10-year, interest only fixed-rate CMBS loan on behalf of Harbor Group International. The acquisition financing was provided by Wells Fargo. As a result of locking the index in January, the buyer was able to obtain a sub-4% interest rate for the loan term.
BETHESDA, MD–Capital One has added seven senior housing properties owned by subsidiaries of Healthcare Trust to the REIT's Fannie Mae credit facility. This transaction brings the total facility to $216.6 million, an increase of $64.2 million.
LEESBURG, VA–Edwards Ferry Crossing has sold for $4.82 million, or $925 per square foot. It is a newly-constructed three-tenant retail center and Calkain Cos. brokered the deal.
WILLIAMSBURG, VA–Big Lots is taking 55,000-square feet in Lionheart Capital's newly-repositioned shopping center now called Victory Village. The retailer is bringing the 176,000-square foot center to 75% occupancy.
WASHINGTON, DC–MakeOffices has opened its newest location MakeOffices at Glover Park, at 2201 Wisconsin Ave., NW. This 30,000-square-foot coworking space is MakeOffices' 14th location nationwide.
FALLS CHURCH, VA–JLL's Northern Virginia Agency Leasing team has been retained by James Campbell Company LLC to manage leasing for 3110 Fairview Park Dr. The 250,000 square foot office recently completed $3 million in renovations.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
