Mid-Atlantic
Finmarc Continues Suburban MD Shopping Spree
The company acquired a 110,000-square-foot flex/office portfolio in Columbia, Md., shortly after purchasing another 116,000-square-foot portfolio from the same seller at the end of last year.
Velocis, Altus Buy 500 KSF DC-Area Office Campus
The partners purchased Greensboro Park, a two-building complex in Tysons, Va., from Beacon Capital, and tapped JLL to manage it. The deal marks Velocis’ fourth office acquisition in Northern Virginia.
PS Business Parks Grows Mid-Atlantic Industrial Footprint
The REIT purchased a group of 19 assets from MRP Realty and institutional investors advised by J.P. Morgan Asset Management, adding 1.1 million square feet to its holdings.
Bechtel Consolidates HQ in VA
The firm will move its Houston and San Francisco offices to One Reston Overlook, where it has been a tenant since 2011.
Greenberg Gibbons Builds $350M Mixed-Use Project in Baltimore
Towson Row will bring 1.2 million square feet of residential units, office space, retail accommodations, as well as student housing and a hotel to downtown Towson, Md.
BWI Airport Sheraton Hotel Changes Hands
Vista Group of Cos. acquired the 203-key Sheraton Hotel Baltimore Washington Airport. The property is a seven-minute drive from the airport, offering a complimentary shuttle service.
Constellation, GE Power Home Depot in DC
The 554-kilowatt project is the capital’s largest solar rooftop array and will supply an estimated 35 to 40 percent of the store’s annual energy needs.
Bridge Sells VA Office Campus for $62M
The real estate investment management firm sold SunTrust Center One and Two, a 419,700-square-foot office complex in Richmond, to FD Stonewater just one year after purchasing the asset.
Greysteel Brokers Sale of Boutique Office Building in DC
An entity associated with Potomac Development Group purchased the asset, which is located in D.C.’s Mount Vernon Triangle neighborhood, for $2.1 million.
World Wide Technology Enters DC Market
NKF represented the technology solution provider in signing a lease to occupy more than 10,000 square feet at the LEED Platinum certified Terrell Place.