GAITHERSBURG, MD-A 133-acre parcel sells for $22.5 million in a landmark transaction for the local real estate business; the deal marks the largest industrial land sale ever to transpire in the county.
WASHINGTON, DC-Carroll Square, the proposed trophy office building at 975 F St., is close to securing an anchor tenant as law firm Dewey Ballantine LLP negotiates a 90,100-sf lease at the 165,000-sf property. If all goes as planned, the lease could compel the start of construction of the building.
WASHINGTON, DC-Carroll Square, the proposed trophy office building at 975 F St., is close to securing an anchor tenant as law firm Dewey Ballantine LLP negotiates a 90,100-sf lease at the 165,000-sf property. If all goes as planned, the lease could compel the start of construction of the building.
ARLINGTON, VA-Courthouse Place finds a new owner as the Penzance Cos. acquires the 115,000-sf office facility from Courthouse Place Inc. in a $30-million deal. The property sits across from the County Courthouse and is 91% occupied by a variety of tenants.
EDGEWOOD, MD-Science Applications International Corp. secures a new government contract and takes on an additional 70,000 sf in Harford County to accommodate the new project. The company will house 150 new employees in the new space in the Lakeside Business Park.
ARLINGTON, VA-Financing accounting for a total of $115.7 million closes for the acquisition and conversion of two luxury apartment communities in the Rosslyn-Ballston submarket. The borrower plans to transform Avalon at Ballston Vermont and Avalon at Ballston Quincy into upscale condominium properties.
BETHESDA, MD-In a transaction valued at $223 million, Host Marriott Corp. disposes of six hotel properties located in six states including California and Connecticut. The hotel company plans to use the proceeds for, among other activities, purchasing upscale properties that fit its acquisition strategy.
HERNDON, VA-A Republic Properties Corp.-sponsored fund takes over ownership of the nearly 602,000-sf Presidents Park office compound in the Dulles Corner area. The fund comes into possession of the three-building property through the acquisition of the company that owned it.
TOWSON, MD-The Dulaney Valley Apartments come under new ownership with Lane Co.'s and AIG Global Real Estate Investment Corp.'s acquisition of the 256-unit property. The property will be redeveloped into a luxury condominium and apartment community through a $150-million effort that includes the purchase price.
LYNCHBURG, VA-Refinancing to the tune of $8.7 million closes for the Heritage Green ALFs, a group of three assisted-living and Alzheimer-care facilities. With two facilities in Lynchburg and another in Mechanicsville, the Heritage Green properties account for a total of 160 beds.