VIENNA, VA-The 100,000-sf multi-structure Maple Professional Park office complex finds a few new owners courtesy of four transactions valued at an aggregate $22 million. Seller Trimark Corp. will stay on board to handle management and leasing activities for some of the new owners.
MT. RAINIER, MD-The Mt. Rainier Artist Lofts, a 12,000-sf residential and commercial property that is part of Prince George's County's Gateway Arts District program, officially reaches completion.
ARLINGTON, VA-Sequoia Plaza holds on to tenant Canon USA as the imaging and information systems company renews its commitment to its 60,500-sf space at the 369,400-sf office complex. The lease is being extended for a five-year term in the second of the complex's three buildings.
ARLINGTON, VA-Sequoia Plaza holds on to tenant Canon USA as the imaging and information systems company renews its commitment to its 60,500-sf space at the 369,400-sf office complex. The lease is being extended for a five-year term in the second of the complex's three buildings.
BELCAMP, MD-Water's Edge Corporate Campus continues to grow with the groundbreaking on the mixed-use property's first office/service building. The single-story structure, scheduled for delivery in July, will be one of 10 such facilities at the $60-million park.
HAMPSTEAD, MD-The 845,000-sf property, which occupies a 150-acre parcel near the Baltimore County border, last came under new ownership in 1999 when it was purchased for $2.7 million.
WASHINGTON, DC-Nine new executives are brought onboard Fannie Mae's finance division, a move designed to address the mortgage lender's recent accounting troubles. Fannie Mae is cooperating with the Office of Federal Housing Enterprise Oversight to restructure its financial leadership.
GLENN DALE, MD-First Potomac Realty Trust purchases the Glenn Dale Business Center for $17.5 million. The deal for the 315,200-sf, 32-acre mixed-use industrial property includes the assumption of an existing $8.5 million mortgage on the 99% occupied center.
MCLEAN, VA-The JE Robert Cos. pushes four of its own up the corporate commercial real estate ladder with recent promotions. Alex Gilbert becomes a principal, John Sobenes moves up to vice president, as do Scott Lynn and Jonathan Crombie.
