PRINCE WILLIAM COUNTY, VA-Innovation@Prince William Technology Business Park will welcome a new tenant late next year upon the completion of a new 30,000-sf flex building for Zestron, an electronic manufacturing industry services provider. Zestron will spend $5 million to complete the project.
FREDERICK, MD-The state puts together a $10 million incentive package to help facilitate the development of a vaccine manufacturing facility for Emergent BioLogics Inc. The company plans to convert an existing 150,000-sf building to meet is needs for the manufacturing of an anthrax vaccine.
WESTMINSTER, MD-Changes are afoot at TownMall of Westminster as Radiant Partners Inc. and Cranberry Mall Properties tap Jones Lang LaSalle to take over leasing and management responsibilities at the 615,000-sf regional shopping center, which sits 30 miles outside of Baltimore.
BELTSVILLE, MD-The sale of the 89,000-sf flex building at 6251 Ammendale Rd. closes, leaving the seller, First Potomac Realty Trust, with $8.5 million. The sale comes less than one year after the REIT acquired the property in a $6.1 million deal.
GAITHERSBURG, MD-JBG Rosenfeld Retail adds a new retail property to its portfolio with the acquisition of Montgomery Village Plaza. The real estate company acquired the 113,000-sf shopping center for $18.1 million, making it the second Montgomery County property under JBGR's ownership.
ROCKVILLE, MD-Clear Channel Communications recommits to its home in the 176,000-sf office building at 1801 Rockville Pike. The company extends its lease agreement to 2013 and takes on an additional 4,000 sf in the class A structure, leaving its total occupancy at 46,000 sf.
ROCKVILLE, MD-The Shops at Congressional Village, a 100,000-sf retail center that is currently undergoing an upgrade, welcomes two new major tenants. Outdoor sporting goods store REI opens up in a 26,000-sf anchor space and StoreHouse Furniture makes a home in a 15,000-sf space.
BETHESDA, MD-Work on Phase I of a $12-million expansion project at Congregation Beth El of Montgomery County reaches completion. The new 20,000-sf addition and the impending 11,500-sf Phase II addition will bring the total size of the half-century-old building to 58,000 sf.
ARLINGTON, VA-A $147.5-million financing deal closes for the construction of Eclipse on Center Park, a 465-unit luxury condominium property near the entrance of the massive mixed-use Potomac Yard development. Corus Bank is providing the funds for Eclipse developer Comstock Homes.
ALEXANDRIA, VA-Park Center I, a 219,000-sf office building, gets snapped up in a $37.5-million deal. Home to the USDA's Food and Nutrition Services Department and the Department of Defense's Army Audit Division, the building is leased to maximum capacity.