ARLINGTON, VA-The US General Services Administration finalizes the lease of 31,000 sf of space for the US Coast Guard Recruiting Command at 2300 Wilson Blvd., a new 214,000-sf LEED-certified green office facility scheduled for delivery next month. The Navy League of the US is developing the facility, which it will also call home.
WASHINGTON, DC-The former American University apartment property known as the Glover-Tunlaw Residence Hall is being redeveloped by its new owner into the Archbold, a 63-unit residential condominium building. The first units of the modernized mid-century structure are scheduled for delivery this September.
CAPITOL HEIGHTS, MD-A $22-million expansion of the St. Paul Senior Living Center is concluded. The additions to the facility, facilitated via a public-private partnership, come just four years after the center's debut.
VIRGINIA-Virginia beats out Maryland and North Carolina in bid for the $150-million Gatorade manufacturing facility. The specific location of the plant, which will cost Gatorade parent company PepsiCo Inc. $150 million to complete, has not yet been revealed.
NORFOLK, VA-Ownership of the City Centre Office Building, a 63,000-sf facility off Interstate 264, changes hands for $4.8 million. The 17-year-old class A office property is nearly fully occupied with Norfolk Southern serving as the lead tenant.
SILVER SPRING, MD-WorldSpace Inc. plans a move from Washington, DC to Suburban Maryland with its recent leasing of 52,000 sf of office space. The digital audio and multimedia services provider will relocate to the 182,000-sf building this fall.
ARLINGTON, VA-Dweck Properties plunks down approximately $420 per sf for the 175,000-sf office. The $73.5 million transaction breaks new ground as the highest sum ever paid for a commercial office property in the Ballston submarket.
ARLINGTON, VA-Dweck Properties plunks down approximately $420 per sf for the 175,000-sf office. The $73.5 million transaction breaks new ground as the highest sum ever paid for a commercial office property in the Ballston submarket.
ROCKVILLE, MD-A new leasing team takes the helm at 1390 Piccard Dr. as property owner RJS Cos. taps Cassidy & Pinkard for the job. The 103,000-sf office building in the I-270 Corridor is nearly completely available.
WASHINGTON, DC-With the Terrorism Risk Insurance Act just seven months away from expiration, news emerges from Fitch Ratings that the absence of the federal backstop made possible through TRIA would disrupt the Commercial Mortgage Backed Securities market.