Mid-Atlantic
Westmount Sells Baltimore-Area Industrial Park
The company sold Logistics Pointe BWI in Hanover, Md., a 357,700-square-foot light industrial and distribution center, following a capital improvement program.
Lincoln Property Acquires VA Office Campus for $21M
The five-building campus has nearly 110,000 square feet of space within the Van Buren Office Park in Herndon, Va. The seller was Finmarc Management.
Markel | Eagle Sells Richmond Office Asset for $56M
The company invested $19 million to renovate the 355,449-square-foot office building. Upgrades included the addition of a 250,000-square-foot parking garage and a new fitness center, among other amenities.
Finmarc Management Buys MD Shopping Center
The company paid $43.9 million to acquire a 280,000-square-foot Upper Marlboro mall, which is anchored by Marshalls, Shoppers Food Warehouse, Regency Furniture, Advanced Dollar Tree and Dress Barn.
ElmTree Funds Buys Pepsi Bottling Facility
With the help of HFF, Armada Hoffler Properties sold the newly built distribution center in Richmond, Va., totaling more than 220,000 square feet.
PBS Finds New Location in Crystal City
Like its current headquarters, the nonprofit broadcaster’s future home is owned by JBG Smith Properties, the submarket’s largest landlord.
DC Moxy Hotel Receives $47M Loan
Working on behalf of Douglas Development Corp., BHI arranged the refinancing of a 200-key hotel that includes more than 4,000 square feet of retail space.
Duke Realty Appoints New VP
Scott Henderson has more than 15 years of experience and will be in charge of leasing and development activities. He will oversee a 6.1 million-square-foot portfolio in Pennsylvania.
ShopOne Centers REIT Enters DC Market
The company continued its growth along the Interstate 95 corridor with the acquisition of Eastgate Shopping Center in Lanham, Md.
NGP Pays $142M for DC-Area Business Park
Avison Young arranged the sale of the nine-building property situated in Lorton, Va., between the Pentagon and Marine Corps Base Quantico.