Mid-Atlantic
Montecito Buys Hampton Roads MOB
Built in 2005, the two-story Class A facility features 25,593 square feet of medical-office space with more than 60 exam rooms, four offices and an ambulatory-surgery center.
RagingWire Opens First VA Facility Within 1 MSF Campus
The VA3 data center is a 245,000-square-foot facility with 16 megawatts of critical power immediately available. NTT Communications, parent company of RagingWire, invested more than $160 million in the new property.
DC-Area Retail Center Trades for Record Price
Facilitated by Calkain Cos., the property traded for $4.8 million, attaining $925 per square foot and a cap rate of 5.5 percent.
1788 Holdings Acquires PA Industrial Asset
Riverside Business Center in Whitehall comprises 423,900 square feet and was 87 percent leased to 11 tenants at the time of sale.
DoveHill Capital, Wurzak Acquire NoVa Hotel
The 298-key Sheraton Reston is situated in the Washington, D.C., suburb of Reston, the second-largest office market in Fairfax County.
StorageMart Expands Portfolio in VA
The company has opened its first self-storage facility in Virginia Beach, Va. The 78,979-square-foot asset will serve the local community, as well as military personnel of the Nava Air Station Oceana.
DC-Area Westin Hotel Changes Hands for $62M
The 407-key transit-oriented Westin Tysons Corner is located in the largest office submarket in Virginia, providing easy access to the Dulles International Airport.
Virginia Beach Office Building Trades for $2M
ABNB Federal Credit Union sold the 20,956-square-foot property located in one of the most livable cities in the U.S., in a deal facilitated by Cushman & Wakefield | Thalhimer.
St. John Properties Names New Director of Development
Danny Severn joined the company in 2009 and previously served as its director of leasing, overseeing the Central Maryland and Virginia areas.
IT Firm Renews DC-Area Office Lease
The company is planning to invest $6 million to improve its space in the nearly 300,000-square-foot Class A office tower.