Mid-Atlantic
Half-Million-SF Lease Near Trenton
Kenco Logistic Services L.L.C. has laid claim to more than half of the industrial building at 100 W. Manor Way in Robbinsville, N.J., with the signing of a 504,300-square-foot lease. The four-year-old facility sits along the New Jersey Turnpike.
Arrabito Joins Cushman as Director
Dawn Arrabito brings 15 years of industry-related experience in northern New Jersey to the table, with experience including portfolio consulting work for Hoffman LaRoche. At Cushman & Wakefield, her focus includes landlord and tenant representation.
Cassidy Turley Hits $2B Mark in D.C. Office Investment Sales
The year-to-date figure marks a 450 percent increase in activity for the firm from mid-2010 to mid-2011.
Lingerfelt Snaps Up Liberty Property Portfolio for $100M
Lingerfelt Cos. increased its large presence in the greater Richmond, Va., area by a whopping 919,000 square feet in one fell swoop with the purchase of a 14-building office and flex portfolio from Liberty Property Trust.
Almquist Joins Avison Young as Principal
Commercial real estate broker Marty Almquist will focus on agency leasing and tenant representation in northern Virginia.
ICG, JBG Strike $101.5M D.C. Deal
ICG Properties first sold the 280,000-square-foot Georgetown Center to JBG Cos. The two companies then struck a partnership deal on ownership of 1601 K St.
D.C.’s Market Square Fetches $615M
The 679,000-square-foot Class A office complex will be acquired by Wells Real Estate Investment Trust II. Its tenant base includes Bayer Corp., Novartis, Proctor & Gamble and United Healthcare.
D.C. Project Breaks Ground
With Clark Construction Group L.L.C. at the helm as general contractor, Monday Properties has commenced construction of 1812 N. Moore St., a 580,000-square-foot, 35-story spec office project in Arlington, Va., that upon its completion will carry the distinction of being the tallest green building in metropolitan Washington, D.C.
Vornado Closes First Phase of $127M Sale of Two DC Office Assets
While the firm has wrapped up the sale of the 186,000-square-foot office building at 1140 Connecticut Ave., N.W., it is not quite finished doing business with buyer Washington Real Estate Investment Trust.
Brookfield Properties Picks Up 650 Mass Ave. in D.C. for $113M
The flurry of office transactions in Washington, D.C., continued with Brookfield Office Properties’ purchase of 650 Massachusetts Ave., N.W. Brookfield plunked down $113 million in cash to buy the property from Washington Television Center L.L.C.