RICHMOND, VA-The old Good Humor Ice Cream Building, a manufacturing and warehouse property that sits on two acres, goes to Rent-A-Station for $175,000.
WASHINGTON, DC-1212 New York Ave. gets a new owner as W9/LWS Real Estate Limited Partnership sells the 14-year-old building to Jaguar Properties LLC for $23.25 million.
GAITHERSBURG, MD-Montgomery County Teachers Federal Credit Union sells its 60,000-sf building at 200 Professional Dr. The building goes to The Willamson Group in a $6.8 million transaction. The credit union has a leaseback arrangement and will continue to occupy its space in the building for the next three years.
SPRINGFIELD, VA-The Versar Center--a two-building, 15.76-acre office park in Fairfax County--becomes the property of Bresler & Reiner Inc. with the company's $20 million acquisition of Sarnia Corporation. The purchase is part of B&W's plan to stave off losses to be incurred when the General Services Administration's lease at the Waterside Complex expires later this year.
ANNAPOLIS, MD-The Vitamin Shoppe continues its expansion with the opening of a 3,000-sf store in the Festival at Riva Shopping Center. The company has signed a five-year lease for the space.
ASHBURN, VA-George Washington University picks up PSINet's leftover headquarters in a $27.5 million deal. The college and bankrupt internet access provider had to get legal approval from a bankruptcy court before closing the long-agreed-upon deal.
CHANTILLY, VA-TUCON Construction Corp. is working on a $6-million construction project for leading plumbing supply distributor Ferguson. Delivery on the building is slated for July.
FAUQUIER COUNTY, VA-Zumot Real Estate Management Inc. has acquired two buildings in Vint Hill Tech Park for a total of about $1.5 million. The company is spending additional funds to rehabilitate the properties.
LUTHERSVILLE, MD-For the second year in a row, Mid-Atlantic Realty Trust posts the highest five-year return among all shopping center REITs. The National Association of Real Estate Investment Trusts revealed the news in its most recent monthly statistical report.
LEESBURG, VA-New York's Sonnenblick-Goldman Company arranges refinancing for the Lansdowne Conference Center Resort. The loan is a first mortgage on the 12-year-old, 305-room hotel meeting compound.