ELKTON, MD-Delaware-based Burris Logistics decides to develop a new temperature-controlled food distribution center on a 30-acre parcel in the Broadlands Business Park. The 220,000-sf facility, the first development in the 100-acre park, will cost approximately $23 million to complete.
WASHINGTON, DC-A 26,500-sf office building on Capitol Hill finds a new owner in a recent deal valued at $6.3 million. The seller of the nearly fully vacant property is reaping the benefits of a successful office market, walking away with $238 per-sf.
BALTIMORE-Finksburg Plaza finds a new owner in a recent $8 million transaction. The 84,000-sf retail property, which is home to such popular destinations as Pizza Hut and Rite Aid, caters to the Baltimore area communities of Finksburg and Gamber.
WASHINGTON, DC-Mazza Gallerie, 300,000-sf high-end retail destination, becomes the property of TIAA-CREF in an acquisition from General Electric Real Estate. Developed in 1977 and substantially upgraded and expanded in 1999, the Wisconsin Avenue shopping center is valued at nearly $64 million.
WASHINGTON, DC-Commercial real estate investment firm Sperry Van Ness takes its opportunity in the sizzling Washington, DC market with its plan to award affiliations in the heart of the District. The move is part of the Orange County, CA-based company's greater expansion plan.
WASHINGTON, DC-The soon-to-be shuttered home of the Capital Children's Museum, a 130-year-old structure near Union Station, sells in a $24 million deal to Abdo Development. The developer plans to build a condominium community at the 2.4-acre site, while maintaining the historic structure.
WASHINGTON, DC-A $20 million HUD housing grant paves the way for the redevelopment of Eastgate Gardens, a former 230-unit public housing community that is in need of a new life. The grant is expected to spur additional investments totaling about $73 million.
SPRINGFIELD, VA-Apparently, babies are becoming big business in the area, as is evidenced by Buy Buy Baby's recent lease of 28,000 sf of space at the 275,000-sf Springfield Plaza. The infant and toddler products shop joins the likes of Trader Joe's and CVS at the center.
HAMPTON, VA-GMAC Commercial Mortgage Corp. puts together an $8.6 million financing package for the owner of Willow Oaks Village Square. The nearly 200,000-sf community shopping center, which sits on a 27-acre parcel, features a Farm Fresh store as one of its anchors.
WASHINGTON, DC-The 10,000-sf office building at 1215 19th St. may be small, but it certainly brings in the big bucks. The 19th Century structure, once the home of President Theodore Roosevelt, commands an astounding $480 per sf in its sale to Roosevelt Land.
