Washington D.C.
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.
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.
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.
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.
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.
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.