LORTON, VA-A 26,000-sf flex property at 8815 Telegraph Rd. in the Pohick Industrial Park comes under new ownership in a $3.3-million transaction. The building will become the home of window manufacturing firm Vinyl Lite.
BETHESDA, MD-Gourmet food shopping company makes plans to relocate its store support office from its current Bethesda locale to 10411 Motor City Dr. with the signing of a 17,000-sf lease. The move will put Balducci's on the top floor of the 92,000-sf building.
PRINCE WILLIAM COUNTY, VA-Eli Lilly and Co. will decrease the size of its planned insulin manufacturing plant at the Innovation@Prince William business park from 600,000 sf to 300,000 sf. The cost of the facility will amount to $325 million instead of the previously calculated figure of $425 million.
BALTIMORE-The 164-unit waterfront condominium community is refinanced for $20.2 million. The property was developed in 2002 as a rental apartment building for about the same amount.
FALLS CHURCH, VA-A recapitalization transaction in the amount of $49 million closes for the WestLee, a 128-unit upscale condominium property currently under construction. The financing will be directed toward the completion of the building, which is scheduled to open in 2006.
WASHINGTON, DC-Home mortgage buyer Freddie Mac plans to enhance the nation's affordable housing pool by joining forces with CharterMac on an endeavor that will allow CharterMac to speed up the loan origination process for low-income housing projects via a shared risk program.
ASHBURN, VA-After about a year-and-a-half under construction, the 200,000-sf Ashbrook Commons Shopping Center is ready to make its official debut. A 49,000-sf Harris Teeter grocery store is an anchor.
OWINGS MILLS, MD-A recent decision by the Baltimore County Council helps pave the way for the development of a mixed-use project on a nearly 48-acre parcel at the Owings Mills Metro Station. The project will include office and retail space, apartments, a hotel, a library and parking facilities.
OWINGS MILLS, MD-A recent decision by the Baltimore County Council helps pave the way for the development of a mixed-use project on a nearly 48-acre parcel at the Owings Mills Metro Station. The project will include office and retail space, apartments, a hotel, a library and parking facilities.
HERNDON, VA-Monument I, a 167,300-sf office structure in the multi-structure Worldgate Center, sells in a transaction valued at $55.6 million. The seven-story class A property is fully occupied by ITT Industries Inc. under a lease that is not scheduled to expire until the end of 2019.
