NORTHERN, VA-Transwestern Investment spends an estimated $165 million to acquire four buildings totaling more than 830,000-sf in Arlington and Fairfax Counties. The class A office/retail structures are all less than four years old.
RICHMOND, VA-Gaylan's clothing and sporting goods store launches its presence in Richmond with a major lease deal at the Taubman Center's Stony Point asset.
ROCKVILLE, MD-Slow-growth properties no longer figure in Federal Realty Investment Trust's game plan, so the dispositions have begun. Properties newly shed are located in Connecticut and New Jersey.
COLUMBIA, MD-The Rouse Company, in a joint purchasing endeavor with Simon Property Group and Westfield America Trust completes the $5.3 billion aquisition of of Rodamco North America, NV's assets.
WASHINGTON, DC-Developers of the 350,000-sf class A structure to be erected at 900 Seventh St. win $70.8 million in financing for construction from Chicago's Corus Bank. Delivery of the 11-story structure is slated for Summer 2003.
BALTIMORE, MD-After 10 years, financial services organizations UBS Paine Webber and Merrill Lynch make another commitment to 100 East Pratt St. by signing lease renewals totaling nearly 46,000-sf at the 635,300-sf, 28-story tower.
WASHINGTON, DC-The 650,000-sf, $275 million Gallery Place Project attains its final financing as the city sells $73.6 million in Tax Increment Financing bonds.
PRINCE WILLIAM COUNTY, VA-Pharmaceutical manufacturer Eli Lilly and Co. will build its newest insulin manufacturing plant in the County's Innovation @ Prince William office Park. Upon its estimated completion in 2007, the plant will house more than 700 employees.
BETHESDA, MD-Prominent shopping center owner Edens & Avant hires Federal Realty Investment Trust's Numa Jerome to coordinate the company's leasing projects for the entire Mid-Atlantic region.
