BALTIMORE, MD-The 188,000-sf Chesapeake Park Plaza and the 210,000-sf, two-structure Webster Business Center find new owners in Webster Chesapeake Associates LLC, which acquired the complexes in a $12 million transaction.
WASHINGTON, DC-Infamous Atlanta, GA-based restaurant chain Hooters of America Inc. opens its first location in the District with the debut of its 4,500-sf space in the city's downtown area today. There are five other locales in the Metropolitan Washington, DC region.
RICHMOND, VA-United Dominion Realty Trust Inc. makes an addition to its staff with the recent hiring of 20-year real estate industry operator Dan Adams. The former chief operating officer of Digital Lighthouse Corp. will be the company's executive vice president of operational strategy.
FAIRFAX COUNTY, VA-Fairfax County holds on to its position as the Metropolitan Washington, DC area's leader in the commercial office market with the surpassing of the 100 million sf mark. For 2002, 112 companies relocated or expanded in the county
RESTON, VA-The structure at 1950 Roland Clarke Place commands $11.5 million, or $150 per-sf, in a transaction between seller Cornerstone/Mass Mutual and buyer law firm Greenblum and Bernstein PLC.
ALEXANDRIA, VA-In a $75-million transaction, Crescent at Carlyle becomes the property of an unnamed overseas client of Falcon Real Estate Investment Co. The 212,000-sf, class A office property is fully leased through 2018 by law firm Oblon, Spivak, McClelland, Maier & Neustadt PC.
HANOVER, MD-The Dialysis Corp. of America steps up its presence in the Metropolitan Washington, DC region with the planned development of a new dialysis center in the Northern Virginia area. The facility will be anywhere from 5,000 to 7,000 sf in size.
RICHMOND, VA- Real Estate Research Corp. brings in a heavy hitter to lead its Mid-Atlantic region activities. Robert Gray, the president of Robert Gray and Co., will concentrate his efforts on consulting and analysis for regional markets from Washington, DC to Philadelphia.
WHEATON, MD-Westfield Shoppingtown Wheaton secures a commitment for a fourth anchor in the mall with the recent announcement that a Macy's store will soon occupy the spot. The store will have 180,000 sf of retail space over two floors.
ROCKVILLE, MD-Three out of five of the Kmart stores in Federal Realty Investment Trust's portfolio have been designated for closing as a result of Kmart Corp.'s bankruptcy reorganization plan. The properties account for a total of 326,000 sf in New York, Pennsylvania, and Virginia.