Real Estate Journal — March 13 - 26, 2015 — 5A
www.marejournal.com
M id A tlantic
W New America Foundation signs 50,536 s/f HQ lease NGKF lands anchor tenant for renovated 740 Fifteenth St. ASH I NGTON , DC — New Amer- ica Foundation, an agents for the property. “New America is a civic enterprise driven by big ideas
Applestein of Colliers reps. landlord BECO signs 12,000 s/f at BECO Tower II
ance of Columbus (AFLAC), signed a lease for 4,076 s/f of space. Clare Berrang of JLL Baltimore represented the tenant. Dr. Moshe Schwartz signed a lease for 3,217 s/f of space. Matt Haas of Colliers Interna- tional represented the tenant. Realistic Computing, Inc. is re-locating from Catons- ville into 2,144 s/f of space at BECO Tower II. The company- was represented by Douglas Kaufman of AGM Commer- cial Real Estate Advisors . HighTower Network signed a lease for 2,823 s/f of space. The company was represent- ed by Andy McIlvaine of DTZ . BECO Tower II is part of a two-building portfolio compris- ing 330,000 s/f of class “A” of- fice space, located off Exit 4 of I-795 (Northwest Expressway). Tenant-only amenities incorpo- rated into the portfolio include a state-of-the-art fitness cen- ter; a conference center that can accommodate 110 people; food service amenities and an outdoor nature lounge that in- cludes complimentary WiFi. n action is that it may represent a bellwether toward a solidi- fying local economy. Specifi- cally, the local market is very active with tenants that are reducing costs through down- sizing their space. But The Raben Group’s lease is based on actual business growth – and the resulting 63 percent increase in space.” “Our client’s new office is much more efficient and fea- tures an open layout,” Rich says. “The new design will offer more collaborative space and improved communication for TRG’s staff. They will occupy an entire floor in a higher-quality building with better amenities and prox- imity to Metro. The ‘team’ is extremely pleased with the outcome of this transaction.” Dallas-based TIER REIT owns 1341 G Street NW, a 127,600-square-foot property known as the Colorado Build- ing. n
best-in-class office environ- ment has successfully landed an anchor tenant for the building, in otherwise stag- nant market conditions. The upgrades to the historic property, combined with the location, views and onsite Joe’s Seafood, Prime Steak and Stone Crab restaurants distinguishes 740 Fifteenth St., NW, from its peers,” said Owen. New America's future of- fice is approximately 20,000 s/f larger than the space it occupies at 1899 L St. 740 Fifteenth St. will provide the organization with room to grow and onsite venues for hosting events, according to New America's leasing rep- resentatives MGA’s Michael Goldman, president, and Taylor Manning, managing director. Owen added, “There re- mains 48,496 square feet available for lease, including two full floors at approxi- mately 16,700 square feet each, or suites starting from 1,883 square feet. All common areas, including the lobby, tenant-only fitness center, el- evators and restrooms feature high-end finishes. n ties such as Hanover Crossing - especially those near ‘same day’ delivery markets such as Baltimore and DC – are now very well positioned. We think this will be a very excit- ing year.” L i b e r t y a c knowl e dg e s CBRE , JLL and Cushman & Wakefield for representing the company in recent transac- tions. The company also wishes to acknowledge the following brokers for their represen- tation of tenants in recent deals: Brian Sapp and Chris Armstrong with Fischer & Company , Dean Drewyer with Donohoe Real Estate , Michael Roden with CBRE, Jared Ross with Cushman & Wakefield, and Dave Scia- marelli with Mackenzie . n
and renew- ing Ameri- ca’s promise in the digi- tal age. We also curate unique ways t o e n g a g e with broad audiences,”
independent D C - b a s e d think tank, has signed a 15- year , 50 , 536 s / f lease for the t o p t h r e e floors at 740 F i f t e en t h
Brendan Owen George Vogelei
said Anne-Marie Slaughter, president and CEO of New America. “We believe our new headquarters supports and strengthens these goals. 740 Fifteenth Street is a modern- ized building that allows us to be proximate to the core of policy making while helping us to extend our reach far beyond the Beltway. As we reinvent the think tank, we’re thrilled to help forge a new America while staying close to our nation’s historic roots.” The nonprofit organization, which is relocating from L St., was attracted to 740 Fifteenth St.’s culturally significant location, visibility and its 16,700 s/f floor plates with exceptional views. “The John Buck Company's commitment to provide a which is really good news for the region.” The four new leases total 182,167 s/f with two renew- als for 122,068 s/f. Leases are located at the company’s new class A industrial property, Hanover Crossing – which is approaching 80% occupancy – as well as at Baltimore Wash- ington Industrial Park (Jes- sup), Ammendale Technology Park (Beltsville) and Corridor Industrial Park (Elkridge.) In 2014, Liberty executed nine deals totaling more than 470,000 s/f of industrial space across the region, in addition to commencing one of the region’s largest deals for 945,000 s/f. Goodwin also noted that “opportunities for midsize and large class A industrial proper-
St., NW. Listed on the Na- tional Register of Historic Places, the former Union Trust Building is located just one block from the White House and recently benefited from a multi-million dollar renovation project. The John Buck Com- pany acquired the 11-story, 175,000 s/f building, from the American Bar Association in 2011 and began renovations in 2013. These include mod- ernization and expansion of the building's lobby, as well as new elevator cab interiors, restrooms, common areas and fitness center. Newmark Grubb Knight Frank ’s Brendan Owen , chairman, metropolitan Washington asset services, and George Vogelei , director, are leasing COLUMBIA, MD — Lib- erty Property Trust an- nounced that it has completed six leases totaling 304,235 s/f of industrial space by mid-first quarter – four of which are new leases written for a what ap- pears to be a resurgent market group. “If there’s a difference be- tween the demand that existed at the end of last year and the start of this one, it is that local and regional companies seem to be much more focused on growing their businesses – and for that they need more space,” said Lisa Goodwin , vice president and city manager for Liberty in the Maryland region. “As the economy con- tinues to improve, signs indi- cate this activity is increasing,
BECO Tower II
OWINGS MILL, MD — BECO Management, Inc. has signed four separate leases totaling 12,260 s/f of space at BECO Tower II, a twelve- story, 200,000 s/f office build- ing situated at 10461 Mill Run Circle in the Owings Mills Town Center section of northwest Baltimore County. Gary Applestein of Colliers International represented the landlord in each leasing transaction. The leases were concluded with: American Family Life Insur- WASHINGTON, DC – West, Lane &Schlager Real- ty Advisors, LLC announced the closing of a new 11,452 s/f lease expansion and relocation on behalf of The Raben Group at 1341 G St. NW in DC. The 12-year transaction was negoti- ated by West, Lane & Schlager principals Ganon Rich and Eric West, LEED AP . The Raben Group plans to re- locate in April 2015 from 1640 Rhode Island Ave. NW, where it occupies about 7,000 s/f. The move was necessitated, in part, by The Raben Group’s ongoing staff growth and de- sire for a more “open” space plan. Rich said, “although they could have expanded within their existing building, it would have resulted in The Raben Group having to take space on two separate floors and live through a major renovation.” According to West, “The in- teresting aspect of this trans-
West, Lane & Schlager represents The Raben Group in 11,452 s/f lease expansion
Liberty Property Trust’s MD region sees resurgence with 304,235 s/f in leases in 2015
Made with FlippingBook - professional solution for displaying marketing and sales documents online