GAITHERSBURG, MD-An 83,500-sf office/lab facility here and a 223,800-sf office portfolio in Lanham sell in separate transactions totaling approximately $53.8 million. Real estate services firm GVA Advantis is behind the deals, facilitating the transactions for both the sellers and buyers.
WASHINGTON, DC-A 1.5-million-sf office portfolio--consisting of full interest is three properties, a majority interest in another property and full interest in two developments that are currently under way--trades in a $644-million transaction. The class A assets have an average occupancy level of nearly 97%.
WASHINGTON, DC-A 1.5-million-sf office portfolio--consisting of full interest is three properties, a majority interest in another property and full interest in two developments that are currently under way--trades in a $644-million transaction. The class A assets have an average occupancy level of nearly 97%.
ROCKVILLE, MD-Park Plaza II, a 126,500-sf office building off Interstate 270, gets snapped up in a $35-million transaction. Developed four years ago, the class A property is fully occupied with no substantial lease roll-overs scheduled until 2011.
SILVER SPRING, MD-Choice Hotels International Inc. acquires Atlanta's Suburban Franchise Holding Co. Inc. in a $10.5-million transaction that includes the possibility of a payment of $5 million over the upcoming three years. The deal leaves Choice with an additional 67 properties.
WASHINGTON, DC-The Watergate Office Building at 2600 Virgina Ave. NW is now under contract for approximately $90 million. Built in 1968 the 11-story property--site of the Watergate break-in--underwent renovations in 1994 and 2000. The seller had acquired the building in 1998 for $50 million.
WASHINGTON, DC-The Watergate Office Building at 2600 Virgina Ave. NW is now under contract for approximately $90 million. Built in 1968 the 11-story property--site of the Watergate break-in--underwent renovations in 1994 and 2000. The seller had acquired the building in 1998 for $50 million.
WASHINGTON, DC-Construction will kick off shortly for Ten Ten Mass, a 163-unit condominium project along Massachusetts Ave. Scheduled for completion in mid-2007, the $76-million development will also feature 8,500 sf of ground-level retail space.
WASHINGTON, DC-Construction will kick off shortly for Ten Ten Mass, a 163-unit condominium project along Massachusetts Ave. Scheduled for completion in mid-2007, the $76-million development will also feature 8,500 sf of ground-level retail space.
COLUMBIA, MD-The 96,800-sf office sells for approximately $18.4 million. The class A property, developed in 1976 and renovated in 2001, is nearly fully leased, with Fountainhead Title Group occupying about 42% of the property.