Mid-Atlantic
ASB Fund Sells DC Trophy Building for $144M
Masaveu Real Estate US, an affiliate of internationally diversified Spanish conglomerate Corporacion Masaveu S.A., is the new owner of the 900 G St., N.W., office property in the city’s East End.
Drake, Flagship Sells VA Medical Office Asset
The 72,255-square-foot, Class A medical office building was completed in 2008 and purchased by the previous owners in 2014 as a value-add opportunity.
St. John Properties Assigns New CFO
Lori Rice has been with St. John Properties for more than 17 years and is recognized by her peers as a strong leader and problem-solver. As CFO, she will oversee all of the company’s financial planning initiatives.
USAA, Lowe Snag VA Office Complex
Park Center in Alexandria comprises three adjacent buildings totaling 566,000 square feet. HFF represented the seller and arranged financing for the transaction.
CIG Taps 3 New Employees
Juanita Kelley will oversee property management, Ben Arrington joins the firm’s acquisitions team and Hannah Taylor will manage investor relations for the company.
DC-Area Marriott Hotel Changes Hands
The six-story, 316-key Fairfax Marriott at Fair Oaks is a less than 20-minute drive from the Washington Dulles International Airport.
Skanska Tapped for VA Research Development
The company signed a contract to develop a new facility for a collaboration between Carilion Clinic and Virginia Tech. Construction began in December and is slated for completion in January 2020.
France’s AXA Investment Snags $165M Office Asset in DC
The Paris-based real estate assets investment and management firm acquired the 210,000-square-foot trophy property in a joint venture with Stewart Investment Partners.
Wheeler Buys Norfolk, VA Shopping Center for $86M
Several national retailers anchor JANAF Shopping Yard, which is situated approximately nine miles from Wheeler’s corporate headquarters.
Greysteel Arranges Sale of DC Mixed-Use
The property is located along one of the longest retail corridors in Washington, D.C. and holds further leasing potential with the possible addition of 2,018 square feet.