Mid-Atlantic
Marcus & Millichap Secures DC Mixed-Use Asset
The Transit Employees Federal Credit Union sold the 4,374-square-foot mixed-use facility located in Washington, D.C. The property features a sublevel and mezzanine space for retail, office or multifamily conversions.
Avison Young Brokers $20M Sale of 2 DC-Area Industrial Assets
The properties totaling 245,888 square feet were sold by CIM Group and purchased by Beckham Gumbin Ventures. The buildings are close to key employers, such as the CIA and CACI International.
Indian Company to Invest $35M in Virginia R&D Facility
Granules India Ltd., through its wholly owned subsidiary Granules Pharmaceuticals Inc., will expand its pharmaceutical R&D and manufacturing operations at the company’s 100,000-square-foot plant in Fairfax County.
Lidl Announces Opening Date for U.S. Stores
The company is opening supermarkets in North Carolina, South Carolina and Virginia. By the summer of 2018, Lidl plans to operate 100 stores across the East Coast, creating 5,000 jobs.
Movement Mortgage Opens Norfolk Operations Center
The company is investing $3.1 million in the new 93,000-square-foot office. The center is relocating 550 jobs from Movement’s former location in Virginia Beach and will be adding 200 more positions over the next three years.
Stadium Square in Baltimore Lands First Tenant
Caves Valley Partners’ $275 million redevelopment project includes 650 luxury apartments, 300,000 square feet of office and 70,000 square feet of retail space.
Merritt Expands Footprint With NoVa Campus
The 596,000-square-foot I-66 Business Park will comprise six industrial buildings, two of which are expected to be completed in 2017.
Industrial Property Trust Acquires $13M DC-Area Asset
The 98,653-square-foot warehouse contains state-of-the-art features including a 3,800-square-foot climate-controlled storage area designed to hold specialized valuables, such as fine art or antiques.
HBW Group Completes Sale of Rockville Asset
ProMark Real Estate Services purchased the 37-year-old, 101,000-square-foot office building and has renovations planned for the property.
It’s Not a Mystery! International Spy Museum Tops Out
Located a L’Enfant Plaza, the 140,000-square-foot facility is situated between the National Mall and the Southwest Waterfront’s Wharf in Washington, D.C.