Mid-Atlantic
German Investor to Buy $120M DC Hotel
Union Investment GmbH has inked an agreement to acquire Thompson D.C., a 225-key project in the Navy Yards district, from a joint venture involving Geolo Capital and JW Capital Partners. The purchase will increase the company’s growing U.S. lodging portfolio to five properties.
JV Buys 199-Key Hotel in Downtown DC
The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.
QTS Lands Tenant for 24MW in Virginia
In addition to signing a new client, QTS Realty Trust purchased a 61-acre plot adjacent to the facility, which will eventually be developed alongside existing infrastructure.
Federal Capital Sells DC-Area Office Tower for $226M
Harbor Group International is the new owner of One Dulles Tower, a 403,600-square-foot trophy property occupied in its entirety by Amazon Web Services. The deal comes less than three years after FCP purchased the corporate campus in an $84 million transaction.
Fannie Mae Leases 850 KSF in Suburban DC
Boston Properties will welcome the government-sponsored enterprise to Reston Gateway, its mixed-use transit-oriented project in Northern Virginia.
Terreno Disposes of MD Industrial Building
The firm sold its 139,000-square-foot asset in Capitol Heights for $20.3 million, which it originally acquired in 2014.
CPPIB Takes Minority Stake in JBG Smith’s DC Office Development
The $101 million investment represents a 45 percent interest in the property. Construction on 1900 N St. N.W. started in the second quarter of 2017 and is expected to be completed by 2020.
Wilcoxon Leases 45 KSF in MD Technology Park
The firm will move roughly 100 employees from Germantown, Md. to the 84,240-square-foot flex/R&D building, which is part of the Riverside Technology Park in Frederick.
Choice Hotels Brings Cambria to Southwest DC
Located in the Buzzard Point neighborhood of Washington, D.C., Cambria Hotel Southwest D.C. will features 154 keys and is slated for completion in 2020.
Shorenstein Snaps Up $255M Office Tower
ASB Real Estate Investments sold Capella Tower and the adjoining Star Tribune Building in Minneapolis on behalf of its $7.4 billion Allegiance Fund.