MCLEAN, VA-Temporary office space provider Teqcorner gets four new tenants. Area demand for turnkey, temporary digs continues to be a growth market despite a dramatic decrease in the number of start-up companies.
FRONT ROYAL, VA-Houston-based food product distributor Sysco Corp. reveals its plan to build a $53-million, 800,000-sf redistribution facility in the rural Warren County area. The facility will accommodate 14 Sysco distribution centers in nearby states.
MCLEAN, VA-Temporary office space provider Teqcorner gets four new tenants. Area demand for turnkey, temporary digs continues to be a growth market despite a dramatic decrease in the number of start-up companies.
WASHINGTON, DC-The creation of the $350-million US Capitol Visitor Center moves forward with the selection of Centex Construction Company's $100-million bid to construct Sequence No. 1 of the project. Centex is due to complete this first phase of the center's construction in 2004.
CHANCELLORVILLE, VA-Conservationists join forces to create The Coalition to Save Chancellorsville Battlefield, historic land that was the site Stonewall Jackson's killing during the Civil War. A developer is proposing converting the property to office, retail and residential space.
ROCKVILLE, MD-The Patronis Group and Nanjemoy Investment LLC join forces to acquire the two-building Metro Executive Park in a $17-million deal. The structures offer 123,000 sf of office space, in addition to a site on which a 79,000-sf building could be constructed.
WILMINGTON, DE-Construction of Ships Tavern Mews Complex--the 22-building, 83-unit apartment complex with 33,000-sf of ground-level retail space--gets a boost with a $25 million financing package.
HILLCREST HEIGHTS, MD-The 159-unit, 40-year-old Parkway Apartments complex gets a $13 million renovation courtesy of Franklin Capital Development Co., which acquired the building in April for approximately $6 million.
ROCKVILLE, MD-The Atrium Building, a 22-year-old, 81,390-sf office structure on Executive Boulevard, sells in a $14.2 million cash deal to Washington Real Estate Investment Trust. The three-story property will soon be 92.5% occupied and, coincidentally, sits just across the street from WRIT's headquarters.
ST.CHARLES, MD-St. Charles planned community developer American Community Properties Trust and Charles County have come to an agreement that will help facilitate the early completion of the 9,100-acre, mixed-use community.