BEL AIR, MD-A $38.5-million financing deal is put in place for Seasons at Bel Air Apartments. The owner of the 732-unit multifamily property obtains a Freddie Mac interest-only loan to consolidate three existing loans on the complex into one loan with a low interest rate.
ALEXANDRIA, VA-Community Research Associates Inc. signs a five-year lease for nearly 21,700 sf of space at 4401 Ford Ave., a 217,300-sf office tower at Park Center.
ANNAPOLIS, MD-Westfield Shoppingtown Annapolis is one step closer to a $100-million expansion with Anne Arundel County's first stamp of approval for the project. The expansion would increase the size of the 1.2 million-sf retail center by 300,000 sf.
ANNAPOLIS, MD-Westfield Shoppingtown Annapolis is one step closer to a $100-million expansion with Anne Arundel County's first stamp of approval for the project. The expansion would increase the size of the 1.2-million-sf retail center by 300,000 sf.
HANOVER, MD-Construction begins on the 47,300-sf office property at 1362 Mellon Rd. Located near Baltimore/Washington International Airport within the 42-acre Commons Corporate Center, the two-story facility will cost an estimated $8.4 million to complete.
SILVER SPRING, MD-Work begins on WesTech Village Corner, a 44,000-sf restaurant and retail project neighboring the WesTech Business Park. The $16-million development--offering five pad sites and two inline buildings--is designed to complement the 500,000-sf business park, which currently has no restaurant offerings.
SILVER SPRING, MD-Work begins on WesTech Village Corner, a 44,000-sf restaurant and retail project neighboring the WesTech Business Park. The $16-million development--offering five pad sites and two inline buildings--is designed to complement the 500,000-sf business park, which currently has no restaurant offerings.
COLUMBIA, MD-A four-structure medical office portfolio located here and in Frederick and Timonium is acquired in a $23.7-million transaction. The new owner plans to spend up to an additional $7 million in upgrades to the buildings, which account for an aggregate 220,000 sf.
CHESAPEAKE, VA-The 220,500-sf flex/office property at 1434 Chesapeake Blvd. trades in a $28-million deal involving cash and the assumption of existing debt. The two-structure complex is fully leased by a technology services firm.
TRIANGLE, VA-Government contractor Stanley Associates signs a lease for 19,300 sf at 18300 Quantico Gateway Dr., a 39,500-sf office building that is currently under development and scheduled for completion later this summer. The lease is for a five-year term.