ALEXANDRIA, VA-The 103,00-sf eight-story Huntwood Plaza office building sells to Atlantic Realty Cos. for $10.6 million. Devon Properties Inc. was the former owner of the 16-year old building, which sits on a five-acre plot of land off Richmond Highway in Fairfax County.
SILVER SPRING, MD-Kaiser Foundation Health Plan of the Mid-Atlantic States renews its lease of 38,228-sf for five years in the Allegany Building at the multi-structure Grosvenor's WesTech Business Park. Kaiser occupies the entire 55,665 Allegany building but has two different lease agreements on the space.
CHESTERFIELD COUNTY, VA-SugarOak Properties and a group of investors snap up three buildings at the Boulders Office Park from Principal Financial Group for $32.5 million. The three Class A office structures account for approximately 270,000 sf of space.
BALTIMORE, MD-The new $124-million Baltimore College of Dental surgery at the University of Maryland at Baltimore gets underway with a $103 million commitment in funds from the state of Maryland. The 360,000-sf, state-of-the-art facility will debut in 2005.
WASHINGTON, DC-The National Cemetery Association of the US Veterans Affairs Department has released its study determining that three areas in Florida, Alabama and South Carolina are in the most urgent need of new cemeteries to accommodate impending deaths of the nation's veterans.
ARLINGTON, VA-AHC Inc, a non-profit affordable housing developer, joins forces with Arlington County officials to acquire the 465-unit Gates at Arlington in a $35.5 million bid. Both AHC and the county are eager to preserve the complex of low- to moderate-income housing.
WASHINGTON, DC-The National Association of Realtors announces its plan to construct its own $45 million headquarters on a parcel of land just blocks away from the Capitol. Upon its projected completion in 2004, NAR will occupy 33,000 sf of the 93,000-sf building, leaving the rest open for lease.
WASHINGTON, DC-The National Association of Realtors announces its plan to construct its own $45 million headquarters on a parcel of land just blocks away from the Capitol. Upon its projected completion in 2004, NAR will occupy 33,000 sf of the 93,000-sf building, leaving the rest open for lease.
HOPEWELL, VA-Dry ice and liquid carbon dioxide manufacturer Airgas Inc. of Pennsylvania is building a $10 million plant, to be completed in January 2003, at Honeywell International Inc.'s 200-acre manufacturing campus.
WASHINGTON, DC-Marriott International Inc. sells five assisted living communities to CNL Retirement Corp. for $59 million. As part of the deal, Marriott takes on 23% equity interest in CNL and stays on as manager of the properties located in California, Maryland, and Massachusetts.
