Washington DC
Calkain Arranges $6M Sale of VA Shopping Center
Sycolin Corner Strip Center in Leesburg comprises 13,837 square feet and is anchored by a 9,300-square-foot Kiddie Academy. Other tenants include Sandy Nails & Spa, Hunan Cafe and Sycolin Cleaners.
Douglas Development Lands $53M for DC Office Building
Natixis originated the loan that will be used to refinance the existing construction loan for 1000 F St. NW, and provide capital for tenant improvements.
Velocis, Katz Acquire MD Retail Center
Brandywine Crossing comprises roughly 231,000 square feet and is anchored by four major retailers. This purchase marks the firm’s fifth investment in the Washington, D.C., metro.
UBS Trades DC Office Asset for $54M
Representing the property owner, HFF secured a buyer for the 110,000-square-foot building and orchestrated acquisition financing on behalf of the investor.
Cvent Grows VA Footprint With Lease Expansion
The company’s total lease at Boro Station, a three-tower Class A office complex near Greenboro Station, now encompasses roughly 140,000 square feet.
JPMorgan Chase Buys DC Building for Regional HQ
JBG Smith sold the 231,000-square-foot Class A office asset in the city’s CBD for $140 million. The global financial services giant is expected to move in by 2021.
Marcus & Millichap Appoints New DC Regional Manager
Matthew Drane will be in charge of expanding the firm’s investment services, working closely with agents and investors. He has been with the firm since 2012, serving most recently as associate regional manager.
JBG Sells VA Office Property for $95M
Summit comprises two buildings totaling more than 290,000 square feet in Reston. The firm also closed the sale of the land and temporary construction easements associated with the site for $2.2 million.
WeWork to Open 11th DC Location
The space will house more than 900 desks and operate in addition to the firm’s Chinatown office at 718 Seventh St. N.W.
WPC Begins $7M Renovation of VA Office Asset
The renovation of the 12,000-square-foot property at 3160 Fairview Park Drive, within the 220-acre Fairview Park complex, is scheduled for completion in June.