ALEXANDRIA, VA-Forking over $40 million, First Potomac Realty Trust takes over ownership of the 280,000-sf Alexandria Corporate Park from Preferred Real Estate Investments.
ARLINGTON, VA-MeriStar Hospitality Corp. pockets $31.5 million after selling off seven of its hotel properties in four different states and Canada. The sales are part of the company's plan to dispose of non-core assets.
ANNAPOLIS JUNCTION, MD-The 175-acre multi-structure National Business Parkway maintains its 100% occupancy level with the US General Services Administration's leasing of the park's newest 120,000-sf building.
WASHINGTON, DC-Verizon picks up its things at the 156,000-sf structure at 1710 H St. and moves to its new local headquarters at the Verizon-owned building at 2055 L St.
WASHINGTON, DC-In a $27.6-million transaction, Harbor Group International hands over ownership rights of the 100,000-sf office building at 1015 18th St. to an affiliate of Donohoe/Corfac.
ANNAPOLIS JUNCTION, MD-The 175-acre multi-structure National Business Parkway maintains its 100% occupancy level with the US General Services Administration's leasing of the park's newest 120,000-sf building.
FOREST GLEN, MD-Formerly property of the US Army, the 32-acre National Park Seminary Historic District will undergo an $80-million redevelopment process and emerge as a 255-unit residential community.
HAMPTON, VA-The 50,000-sf Coliseum Corner shopping mall comes under new ownership with Ziff Properties' acquisition of the neighborhood retail center from Crown Life Insurance Co.
LORTON, VA-Chenega Technology Services Corp. signs on for new space in the Gunston Commerce Center. The technology company will occupy a 16,000-sf space near the Lorton office of the US Customs Service.