WASHINGTON, DC-Newmark & Bank facilitated the $15.3-million sale of Village Market Center in Sterling, VA in a record three months. The Batman Corp. sold the 123,00 sf center to Plank Inc.
Washington, DC-After forming a federal financial advisory service arm to its government services group, Insignia/ESG named B. John Farmakides managing director. He will spearhead its government marketing program.
WASHINGTON, DC-The joint venture partnership of Bernstein Companies Consortium Capital Fund and LMH Realty Group LLC has purchased 2100 M Street NW from 2100 M Street Holdings LP for $56 million.
BALTIMORE, M-MIE Properties Inc. is building a $40 million technology park near BWI. The 612,000 sf park is slated for completion in five years. The first building, 80,000 sf, is slated for completion in June.
GAITHERSBURG, MD-John Hancock Realty is selling the 103,685-sf office building for $12.9 million to Foulger Land LP in a deal negotiated by Cushman & Wakefield, a real estate services agency.
WASHINGTON, DC-Access Properties has purchased Sunrise Plaza in Reston, VA for an undisclosed amount. Cassidy & Pinkard/Sonnenblick Goldmen brokered the deal.
ROCKVILLE, MD-Federal Realty Investment trust has a new vice president, investor relations. Andrew P. Blocher was with CRIIMI MAE. Now he is responsible for Federal Realty Investment Trust's investor relations activities.
ARLINGTON, VA-On-Site Sourcing will move its corporate headquarters in 2001 to 800-840 North Henry St. in Alexandria, VA. On-Site paid $7,035,000 for the 112,710-sf office building.
DULLES, VA-Ground is broken for three of six buildings in the Du Pont Fabros Development project. Completion of the first three buildings of the 290,000 sf office park is expected for mid-2001 delivery.
WASHINGTON, DC-Kilpatrick Stockton LLC is planning to move from its 13th Street NW offices to the Westory Building at 607 14th St. NW. The long-term lease could move Despa to build an annex at 1333 F. St.