GLEN BURNIE, MD-Building number seven gets off to a good start in the 150-acre Cromwell Business Park, as construction begins and pre-leasing activity flourishes.
WASHINGTON, DC-Time is up for Interstate Hotels & Resorts, as the independent hotel management firm turns over the management operations of 33 properties across the country to their owner, Winston Hotels.
HUNT VALLEY, MD-The 250,000-sf Longview Executive Park office complex gets a new leasing agent as property owner TIAA-CREF selects Transwestern Commercial Services to handle the leasing activity.
OXON HILL, MD-In a deal valued at $22.2 million, Corporate Office Properties Trust sells its two-building Constellation Centre office and retail complex to MGP Real Estate LLC.
STERLING, VA-Potomac Run shopping center hits the market with a bang and sells to Kimco Realty Corp. for $59 million. The deal encompasses 361,365 sf of the 486,569-sf retail destination, as anchor tenant Target continues to own 125,204-sf of the space.
GREENBELT, MD-The Aerospace Building--a 150,000-sf structure that sits just a stone's throw from NASA's Goddard Space Flight Center--commands $13.4 million in acquisition financing through UBS Warburg Real Estate Investments.
CHESAPEAKE, VA-A bit of change takes place in the 700-acre Cavalier Industrial Park as QZA Inc. sells its 30,500-sf warehouse building to Cook's Moving Service for $1.15 million. A subsidiary of the moving and storage company is leasing the 20-year old facility.
WASHINGTON, DC-A direct subway connection to the new Washington DC Convention Center is now in place for rail passengers, courtesy of a $14 million expansion project at the Mount Vernon Square Metrorail station. Passengers will be able to enter the convention center from the station without going above ground.
ROCKVILLE, MD-Federal Realty Investment Trust promptly picks up the pieces at its three vacated Kmart stores in New York, Pennsylvania, and Virginia. Kohl's will move into the 150,000-sf NY space, taking over Kmart's $1.2 million leasing contract with Federal Realty.
