GLEN ALLEN, VA-The 120,000-sf flex property known as Virginia Center gets a new owner as First Potomac Realty Trust spends $9.5 million to take the complex off the hands of seller Principal Life Insurance Co.

WASHINGTON, DC-Interstate Hotels & Resorts, the largest independent hotel management company in the US, gets a new CEO with the appointment of former CIO Steven D. Jorns. He replaces Paul W. Whetsell in the role.

HERNDON, VA-Three class A office buildings in the Woodland Park section get snapped up by Miami's America's Capital Partners in a $68 million deal. ACP snagged South Pointe I & II and Plaza Ridge II from Tishman Speyer.

ALEXANDRIA, VA-Financing to the tune of $23 million for a 110,000-sf office building in Old Town Alexandria gets put in place by NorthMarq Capital Inc. on behalf of property buyer Carr Capital Corp.

WASHINGTON, DC-Developers wrap up work on the 475,000-sf Terrell Place office and ground-level retail project. They spent $60 million to realize the project, which incorporates an historic structure with two new buildings.

HUNT VALLEY, MD-Staying put in its marketing operations space at Schilling Plaza, MCI renews its lease on 74,000 sf in the 108,000-sf building. The telecom company has occupied space at the property since 1962.

MILLSBORO, DE-The Indian River Marina is in store for $8 million in upgrades and renovations. Kuhn Construction Co. will, among other things, add a storage facility and 11,000 sf of rental dwellings to the property.

ROCKVILLE, MD-Although vacant, the 22-year-old, 125,000-sf office building at 2115 E. Jefferson St. still commands $160 per sf in a transaction between seller LaSalle Investment Management and buyer Realty Associates Fund VI LP.