ROCKVILLE, MD-Preserve at Tower Oaks' 178,000-sf building at 2600 Tower Oaks Boulevard is nearly leased up with information technology company EDS' commitment to 32,340-sf of office space. The firm signed a five-year deal and will occupy nearly one-and-a-half floors.
BETHESDA, MD-Hotel real estate company Crestline Capital Corp. will become part of Palma de Mallorca, Spain-based Barcelo Hotels and Resorts in a $601.8-million acquisition. Executives from both organizations expect the deal to close by June 30. The new company is to be called Barcello Crestline.
HERNDON, VA-McDonald Bradley commits to nearly 20,000-sf at Woodland Park's Plaza Ridge II building. The information technology services company will pay about $26 per-sf for its space in the 156,000-sf, one-year-old structure.
RESTON, VA-The Virginia Baseball Stadium Authority moves ahead with plans for a new baseball stadium somewhere in northern Virginia, even though a decision from Major League Baseball on whether a franchise will be located in the area is not expected for several months.
LAUREL, MD-The 180,000-sf Whiskey Bottom Trade Center brings its three-building complex to 90% capacity with the recent leasing of 40,000-sf by various tenants.
RESTON, VA-Software company Oracle Corp. completes the second structure, Oracle II, of what will be its four-building campus. A $6.2 million, 180,000-sf parking garage accompanies the $20.8 million, 212,300-sf Oracle II.
ARLINGTON, VA-The Arlington County Board approves Crescent Resources' planned 654,000-sf office and retail building, 1 Potomac Yard. The $100-million project is the first facet of Crescent's proposed 300-acre mixed-use community on property that was once used for railroad tracks.
BALTIMORE, MD-Pittsburgh, PA's Edwards Broadcasting Inc. will sign a lease for 8,000-sf of restaurant space at Brown's Wharf in the Fells Point area. The new restaurant will undergo $1million in renovations prior to opening in May.
MCLEAN, VA-Sunrise Assisted Living, Inc. closes the $197 million disposition of 12 of its senior residential facilities in six states. A long-term manage-back deal for Sunrise is included in the transaction.
MONTGOMERY COUNTY, MD-The Washington Metropolitan Area Transit signed a 99-year lease with Potomac Investment Properties, which plans to construct a 422-unit structure on the 15-acre site.