Mid-Atlantic
JBG Sells VA Office Property for $95M
Summit comprises two buildings totaling more than 290,000 square feet in Reston. The firm also closed the sale of the land and temporary construction easements associated with the site for $2.2 million.
NoVa Office Complex Lands Two Leases of 60 KSF
The four-building, Class A office ensemble traded last September for $53.5 million. Worldgate Metro Plaza will soon undergo $10 million of capital improvements.
Financial Services Firm Inks New DC-Area HQ Lease
The company’s new headquarters will occupy more than 20,000 square feet in a newly renovated office building in Rockville, Md.
Blackstone Snaps Up Industrial Portfolio for $359M
FRP Holdings Inc. has agreed to sell 41 properties and two adjacent parcels in the Mid-Atlantic region to an affiliate of Blackstone Real Estate Partners VIII LP.
WeWork to Open 11th DC Location
The space will house more than 900 desks and operate in addition to the firm’s Chinatown office at 718 Seventh St. N.W.
WPC Begins $7M Renovation of VA Office Asset
The renovation of the 12,000-square-foot property at 3160 Fairview Park Drive, within the 220-acre Fairview Park complex, is scheduled for completion in June.
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.