HAMPSTEAD, MD-Jos. A. Bank Clothiers spends $3.5 million to expand its distribution facility by 50,000 sf. The company opened 21 stores in 2001, and expects to open 20 or more next year. Its expanded facility will be able to accommodate the company's growth plans.
STERLING, VA-Leasing activity for the 10 and 14 Pidgeon Hill Drive buildings is now being handled by Advantis Real Estate of Tysons Corner. Together, the structures are 91% leased and account for nearly 90,000 sf of prime office space.
BETHESDA, MD-Taking their relationship further into the future, CoStar Group Inc. and Julien J. Studley sign a long-term agreement allowing JJS to benefit from CoStar's database of extensive commercial real estate property and tenant information. Neither party is disclosing the financial terms of the deal.
ORLANDO-In early 2002, Universal Partners kicks off a $38-million renovation to the 800-room Delta Court of Flags Hotel. The retooling is designed to take the property from an economy hotel into a four-star destination resort in summer 2003.
ORLANDO-Spotlighting Lake Mary's $200-million, mixed-use Colonial TownPark, the Central Florida Chapter of the National Association of Industrial Office Properties selects Birmingham, AL's Colonial Properties Trust as its 2001 developer of the year.
GERMANTOWN, VA-KSI Service's Kingsbury Crossing at Water's Landing opens, as new tenants move into the 143-unit apartment community. KSI spent $16.6 million on the complex, which sits along Interstate 270.
WASHINGTON, DC-The District tries to return to the business at hand as Mayor Anthony Williams gives a status report on development projects. Most notably are the $14.1-million renovation of Downtown's Mather Building and the construction of the Newseum's new home.
WASHINGTON, DC-The Bernstein Companies acquires 1000 Vermont Ave. from Cornerstone Real Estate Advisors for $16 million. Bernstein makes the purchase of the 80,000-sf building through its $100-million Consortium Capital equity fund.
WASHINGTON, DC-The District tries to return to the business at hand as Mayor Anthony Williams gives a status report on development projects. Most notably are the $14.1-million renovation of Downtown's Mather Building and the construction of the Newseum's new home.
JACKSONVILLE, FL-Four acclaimed architectural firms are down to the wire in a mayoral decision over who gets the contract for a 300,000-sf Main Library. Mayor John Delaney has called a Thursday morning press conference to announce his decision.