Mid-Atlantic
JLL Names Senior VP for VAS Team
Lana Lenovitz will join a platform of more than 200 professionals, bringing valuable expertise to the Mid-Atlantic team.
Avison Young Brokers $24M MOB Sale
A joint-venture between Foulger-Pratt and a global real estate investment management firm sold the Class A asset in Silver Spring, Md., to Healthcare Realty in an off-market transaction.
Dominion Energy Adds to Its VA Solar Portfolio
The company acquired Clarke County Solar, a 10-megawatt solar array, and plans to purchase the 20-megawatt Cherrydale facility, presently under construction in Northampton County, Va.
Craft Beer Company Inks Queen Anne’s County Lease
Cult Classic Brewing will occupy the former ACME Supermarket building in Chester, Md., and is expected to start operations in 2018. The property is part of the Kent Island shopping center.
Oxford Properties JV Nabs Pair of DC Trophy Buildings
The Canadian company partnered with Norges Bank Real Estate Management for the acquisition of the Class A properties. The assets add up to more than 500,000 square feet of core office space.
Maryland Mixed-Use Asset Scores First Sale
The Sylmar Corp. disposed of the Clock Tower Place, a retail and office building located in Annapolis, Md. for $10.3 million. The building was 98 percent leased to 21 different tenants at the time of the transaction.
Suburban DC Mixed-Use Development Lands Refi
The refinancing of Westphalia Town Center—a mixed-use development in Prince George’s County—allows the company to continue developing the project and preparing land for commercial and retail uses.
Government Properties to Acquire First Potomac in $1.4B Deal
The resulting company will have an enterprise value of $4.3 billion, with gross assets of $4.1 billion. The transaction is expected to be completed by the end of 2017.
Medical Company Relocates HQ From NoVa to Baltimore
The company plans to invest $6.5 million in the Pigtown headquarters and research and development facility. The firm’s new base is owned by Bernstein Management.
CRC Taps Commercial Management Pro
The company has appointed JD Brakefield as director of commercial property management. He holds almost two decades of industry experience, having served The Rappaport Cos., PREIT and Elysian Partners.