RESTON, VA-The 154,000-sf Reston Sunrise Phase II building becomes a reality as Clark Construction Group completes the $11.7 million project. The Bernstein Companies and The Clover Companies are the developers of the building, which features three above-grade levels of parking topped with three levels of offices.
SALISBURY, MD-New Jersey-based boat manufacturer Silverton Marine Corp. picks a $1.65 million, 66,000-sf structure in Northwood Industrial Park for its fiberglass and metal manufacturing plant.
VIRGINIA BEACH, VA-Lynnhaven Mall's $100 million makeover nears completion with the opening of Dillard's new 180,000-sf store. The Little Rock, AR-based retailer had occupied a 120,000-sf space in the 21-year-old, 1.3 million-sf shopping center since 1998.
CHARLOTTESVILLE, VA-The affluent college town makes way for the $25-million, 24-acre Jefferson Ridge Apartments with the recent groundbreaking on the project. Neighborhood Properties Inc. is developing the 234-unit luxury complex and expects work to be completed in January 2004.
ROCKVILLE, MD-Kaiser Permanente of the Mid-Atlantic States celebrates its fifth facility in Montgomery County with the opening of its 46,344 Shady Grove Medical Center. The property is owned by the Clewerwall Corp. and had been fully leased by Georgetown University Physicians Practice Medical Center.
COLONIAL HEIGHTS, VA-Nylon producer Mitsubishi Gas Chemical Company of Tokyo opts to build a $14 million production plant in the Richmond area's 280-acre Ruffin Mill Industrial Park. Construction will begin later this year and will wrap up in 2004.
WASHINGTON, DC-Real estate services firm PM Realty Group promotes David W. Parker to Eastern Division director, and brings the office to him by relocating the eastern area headquarters from Atlanta to Washington. Parker is charged with expanding the firm's presence locally and throughout the east.
RESTON, VA-Law firm Greenblum & Bernstein moves to bigger offices with the lease signing for 48,354 at 1950 Clarke Place, the 76,000-sf building next door. Greenbaum, which owns the building it is vacating, has an option to buy the structure housing its new home.
SILVER SPRING, MD-In a $27.3-million transaction, the 236,000-sf office complex at 11800 Tech Rd. switches ownership from The Goldstar Group to Corporate Office Property Trust. Once a flight simulator manufacturing facility, the property is 95% leased to tenants including the US Department of Defense.
WASHINGTON, DC-MeriStar Hospitality Corporation disposes of a portfolio of three hotels--in Houston, TX, Mahwah, NJ and Mt. Arlington, NJ. The sales span 293 rooms, 139 rooms, and 124 rooms, respectively.