WASHINGTON, DC-The 400,000-sf office building currently under development 1700 K St. welcomes a pre-lease from another law firm, as Morrison & Foerster LLP commits to 77,000 sf of space at the class A tower.
ASHBURN, VA-Ashbrook Commons, a 193,000-sf shopping center scheduled to get under way within the next month, signs up an anchor tenant. Grocery store chain Harris Teeter will occupy nearly 50,000 sf at the retail destination, which is expected to reach completion next spring.
ARLINGTON, VA-The US Department of Homeland Security continues to gobble up available office space in and around the District with its recent commitment to 98,500 sf of space at Two Ballston Plaza. The lease agreement is for a five-year term.
WASHINGTON, DC-The 65,000-sf office building at 1100 Vermont Ave. sales with a hefty price tag of $16 million, or about $247 per sf. The hefty sales figure is indicative of Washington, DC's thriving office market that continues to attract investors from around the world.
ALEXANDRIA, VA-The Abbotts Run Apartments community comes under new ownership in a recent transaction valued at $34 million. With the assistance of Ideal Realty Group, seller SSR Realty Advisors hands over the reigns of the 248-unit property to Klingbeil Capital Management.
ARLINGTON, VA-Construction gets under way on the Odyssey, a 320-unit luxury condominium project by Monument Realty. Work on the towering 16-story structure, which will cost about $71 million to complete, is expected to wrap up toward the end of next year.
LANHAM, MD-Financing for the development of a new home for the National Aeronautical Charting Office is now in place, courtesy of NorthMarq Capital Inc. The mortgage banking firm facilitated a $15.5 million loan for the development of a 125,000-sf build-to-suit facility.
HANOVER, MD-A nearly 300,000-sf warehouse jumps from one portfolio to another in a recent $23 million deal. Taking the property off the hands of a joint venture, HG Mansur Group becomes the new owner of the building, which is leased to Coca Cola Enterprises.
WASHINGTON, DC-Construction on Cityline at Tenley has topped out and developers are on target to open the doors of the mixed-use development this fall. The 205-unit residential and 90,000-sf retail project occupies the site of the former Sears/Hechinger Building.
WASHINGTON, DC-The office building at 727 15th St. sells to the National Community Reinvestment Coalition in an $8.4 million transaction. Cambridge Holdings, operating under the name of 727 15th Street Associates LP, is the seller behind the 43,500-sf property, which is currently 93% occupied.