{"id":1004089286,"date":"2014-01-05T20:56:15","date_gmt":"2014-01-06T04:56:15","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=228482"},"modified":"2020-04-21T02:16:58","modified_gmt":"2020-04-21T10:16:58","slug":"d-c-area-industrial-properties-sold-for-35m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/","title":{"rendered":"D.C.-Area Industrial Properties Sold for $35M"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\">Two <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/19.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-228483\" title=\"19\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/19.jpg\" alt=\"\" width=\"300\" height=\"188\" \/><\/a>Greater Washington industrial properties recently traded for about $35 million. <strong><\/strong><\/p>\n<p style=\"text-align: justify;\">The Winchester 81 Logistics Center is the larger of the two properties. Located in Winchester, Va., the 450,000-square-foot distribution center was acquired by an affiliate of Cole Real Estate Investments for $27.7 million. Michael Hines and Brian Fiumara of CBRE\u2019s Philadelphia office represented the seller, Equus Capital Partners Ltd., one of the nation\u2019s leading private equity real estate fund managers.<\/p>\n<p style=\"text-align: justify;\">Equus Senior Vice President Christopher Locatell oversaw the disposition. \u201cThe caliber of the tenant and the current market conditions resulted in an extraordinary level of investor interest for this newly completed, expandable, state\u2013of-the-art distribution center,\u201d he said in a statement for the press.<\/p>\n<p style=\"text-align: justify;\">The Winchester 81 Logistics Center is fully leased to the McKesson Corp., a leading healthcare and information company, ranked 14th\u00a0on the <em>Fortune<\/em> 500 list. The distribution center was developed by the BPG Development Co., Equus\u2019 development operating arm, as a long-term build-to-suit lease transaction with McKesson. It was completed in September 2013 and includes a host of modern features.\u00a0The building is also approved and designed for expansion to a total of 750,000 square feet.<\/p>\n<p style=\"text-align: justify;\">The second industrial property is located at 3601 Pennsy Drive, in Landover, Md. Terreno Realty Corp. acquired it on Dec. 23 for approximately $7 million. It was Terreno\u2019s second industrial acquisition in the Greater Washington area that month. At the start of the month, the company purchased an industrial building located at <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/washington-dc\/terreno-realty-buys-lanham-md-industrial-building-for-5-6m\/\" ><em>4230 Forbes Blvd. in Lanham<\/em><\/a>, Md., for $5.6 million.<\/p>\n<p style=\"text-align: justify;\">Terreno\u2019s latest acquisition consists of one rear-load industrial distribution building totaling approximately 71,000 square feet on four acres of land. It is located approximately 4 miles from Washington, D.C., adjacent to the intersection of U.S. Route 50 and I-95\/495. Terreno said in a news release that the property is 100 percent leased to one tenant and that the estimated stabilized cap rate is 5.8 percent.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credits: <\/em><em><a href=\"https:\/\/www.bpgltd.com\/\" target=\"_blank\" rel=\"nofollow\">BPG Development Co<\/a>.<\/em><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two Greater Washington industrial properties have recently traded for about $35 million.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[1815],"class_list":["post-1004089286","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>D.C.-Area Industrial Properties Sold for $35M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"D.C.-Area Industrial Properties Sold for $35M\" \/>\n<meta property=\"og:description\" content=\"Two Greater Washington industrial properties have recently traded for about $35 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-06T04:56:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-21T10:16:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/19.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"D.C.-Area Industrial Properties Sold for $35M\",\"datePublished\":\"2014-01-06T04:56:15+00:00\",\"dateModified\":\"2020-04-21T10:16:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/\"},\"wordCount\":324,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/12\\\/19.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/\",\"name\":\"D.C.-Area Industrial Properties Sold for $35M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/12\\\/19.jpg\",\"datePublished\":\"2014-01-06T04:56:15+00:00\",\"dateModified\":\"2020-04-21T10:16:58+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/12\\\/19.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/12\\\/19.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/d-c-area-industrial-properties-sold-for-35m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"D.C.-Area Industrial Properties Sold for $35M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\",\"name\":\"Adrian Maties\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"caption\":\"Adrian Maties\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adrianmaties\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"D.C.-Area Industrial Properties Sold for $35M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/","og_locale":"en_US","og_type":"article","og_title":"D.C.-Area Industrial Properties Sold for $35M","og_description":"Two Greater Washington industrial properties have recently traded for about $35 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-01-06T04:56:15+00:00","article_modified_time":"2020-04-21T10:16:58+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/19.jpg","type":"","width":"","height":""}],"author":"Adrian Maties","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/"},"author":{"name":"Adrian Maties","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"headline":"D.C.-Area Industrial Properties Sold for $35M","datePublished":"2014-01-06T04:56:15+00:00","dateModified":"2020-04-21T10:16:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/"},"wordCount":324,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/19.jpg","keywords":["National"],"articleSection":["News","Washington D.C."],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/","url":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/","name":"D.C.-Area Industrial Properties Sold for $35M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/19.jpg","datePublished":"2014-01-06T04:56:15+00:00","dateModified":"2020-04-21T10:16:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/19.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/12\/19.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/d-c-area-industrial-properties-sold-for-35m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"D.C.-Area Industrial Properties Sold for $35M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109","name":"Adrian Maties","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","caption":"Adrian Maties"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/adrianmaties\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004089286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/925"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004089286"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004089286\/revisions"}],"predecessor-version":[{"id":1004421037,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004089286\/revisions\/1004421037"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004089286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004089286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004089286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}