Mid-Atlantic
On the Market: 5 Interesting Listings for December
This month’s listings include a redevelopment-ready property in Richmond, Va.; a recently completed luxury community in Philadelphia; and other opportunities.
WeWork Expands VA Footprint
The company is set to occupy more than 80,000 square feet at CEB Tower at Central Place in Rosslyn, a JBG Smith property.
Twenty Lake Holdings Purchases Foreclosed Office Assets in VA
The seller, Massachusetts Mutual Life Insurance Co., came into possession of the Class A WillowWood III and IV in March 2016.
U.S. Bank Sells NoVa Office Property
The bank sold the approximately 67,000-square-foot Class B building for $10 million, having taken control of the asset through a foreclosure in mid-2017.
Eastern Union Funding Arranges Financing for MD Storage
Developer Poverni Sheikh Group has received more than $9 million to construct a 950-unit self storage facility in District Heights, Md.
Avison Young to Lease DC Office Asset
The RMR Group has scheduled an extensive 2019 renovation program for the Class A property known as 11 Dupont Circle.
Cerberus JV to Repurpose Former Discovery Communications HQ
The partners bought One Discovery Place in downtown Silver Spring, Md., with plans to reposition the property once the building’s sole tenant relocates to New York City.
Clarion Partners Inks 51 KSF Lease at DC Mixed-Use
Cushman & Wakefield represented the owner in its lease negotiations with coworking firm AdvantEdge Workspaces, which will occupy space at Chevy Chase Pavilion.
St. John Properties Breaks Ground on 3 Buildings in MD
The structures will house a total of 200,000 square feet of flex, R&D, bulk and warehouse space. All three facilities will be completed in the summer of 2019.
COPT Builds 2 Data Centers in Prince William County’s Opportunity Zone
The REIT will develop two new facilities in Innovation Park, one of the leading data center locations in the nation, taking advantage of the area’s strong infrastructure.