DULLES, VA-Development plans for Arcola Center, a 2.8-million-sf mixed-use property, are announced by developer Buchanan Partners, which will spearhead the project at a cost of approximately $600 million. If all goes as planned, work on the endeavor could get under way by 2006.
DULLES, VA-Development plans for Arcola Center, a 2.8-million-sf mixed-use property, are announced by developer Buchanan Partners, which will spearhead the project at a cost of approximately $600 million. If all goes as planned, work on the endeavor could get under way by 2006.
WASHINGTON, DC-From dirty bombs to hiking interest rates, the fears are out there. But the overall tone of yesterday's RealShare Washington, DC was ultimately cautious optimism.
WASHINGTON, DC-From dirty bombs to hiking interest rates, the fears are out there. But the overall tone of yesterday's RealShare Washington, DC was ultimately cautious optimism.
ROCKVILLE, MD-Ownership of the John M. Eisenberg Building at Redland Center changes hands in a deal valued at nearly $38.7 million. The Stephen A. Goldberg Co. takes the 133,900-sf site, which is fully occupied by the General Services Administration, from the portfolio of Seaton Benkowski & Partners.
ASHBURN, VA-First Industrial Realty Trust Inc. acquires four flex structures totaling approximately 400,000 sf from the West Group. The portfolio, located in the cities of Ashburn and Sterling, boasts an average occupancy level of 80%.
WASHINGTON, DC-The first phase of a new $800 million office development, which will ultimately contain 1.8 million-sf of class A space in the budding NoMa Corridor, gets under way with the start of redevelopment of an existing office facility known as One NoMa Station.
WASHINGTON, DC-The first phase of an $800-million office development, which will ultimately contain 1.8 million sf of class A space in the budding NoMa Corridor, gets under way with the start of redevelopment of an existing office facility known as One NoMa Station.
WESTMINSTER, MD-Gavigan's Home Furnishings commits to 27,500 sf at Westminster Crossing, taking up the last remaining large chunk of space at the 225,000-sf shopping center. Westminster Crossing has been undergoing a major renovation and with Gavigan's lease, it is now 98% occupied.
GAITHERSBURG, MD-Tech Park 270, a 182,400-sf office/flex structure in the I-270 Corridor, comes under new ownership. Alexandria Real Estate Equities Inc. takes the 23-year-old property for $33 million.