Real Estate Journal — January 16 - 29, 2015 — 5A
www.marejournal.com
M id A tlantic
J Mark Glagola of Transwestern represents the seller CREG sells 241,457 s/f dist. facility for $26.7 million ESSUP, MD — A joint venture between Ches- apeake Real Estate Group, LLC (CREG)
Colliers names Fischer executive VP Colliers Int’l. brokers $16.85m sale of 105,673 s/f
And Atapco Properties, Inc. has sold a 241,457 s/f distribu- tion facility in the Baltimore Washington Industrial Park in Howard County. Princi- pal Real Estate Investors acquired the asset for $26.7 million ($100 psf). The project, located at 8235 Patuxent Range Rd. in Jessup is 80% leased to FELD Entertainment, Inc. Mark Glagola of Transwest- ern represented the seller in this transaction and principal was self-represented. Acquired by CREG from Owens Corning in 2008, the property previously operated as an asphalt roof shingle manufacturing facility until its closure in 2007. CREG leased the property to ULMA Form Works for the first five years of its ownership, and then formed a joint venture partnership with Atapco to own, manage and re-develop the project. This is the second property CREG has transformed from an antiquated and failing asset into an institutional-quality distribution facility. Atapco and CREG demol- ished the original building, with the site concrete crushed on-site and used as base mate- rial in the construction of the ROCKVILLE, MD — HFF announced the sale of 9911 Bel- ward Campus Dr., a 289,912 s/f large scale biologicsmanufactur- ing facility in Rockville, that is 100% leased through May 2026 to Human Genome Sciences, Inc. HFF marketed the property on behalf of the owner, BioMed Realty Trust . The HFF investment sales team representing the seller was led by executive manag- ing director Stephen Conley , senior managing directors Jim Meisel, Dek Potts and An- drew Weir , associate director MattNicholson and senior real
5901 Ammendale Rd.
president for investor services. In his new position, Fischer joins the firm’s property management leadership group and will focus
BELTSVILLE, MD — Boyd Watterson GSA Fund LP has purchased 5901 Ammendale Rd. in Beltsville for $16.85 million. Part of the Ammendale South Technology Center, the class A building was 88% leased to the U.S. government at the time of sale. Colliers International rep- resented the seller, an affiliate of Manekin . The Colliers team consisted of David Dannen- felser, Robert Freedman and Colin Penoyar of the Col- liers Baltimore office, which collaborated with Keith Lavey of Colliers Government Solu- tions in DC, and Bob Cottle of GSAXCHANGE , the invest- ment sales arm of the Colliers Government Solutions platform. The buyer represented itself in the transaction. In a second transaction, Col- liers brokered a long-term lease for JimmyJohn’sGourmet Sand- wiches to occupy a 1,627 s/f unit in Harford Mall in Bel Air. Colliers represented Monmouth Wolfpack LLC. Harford Mall is owned by CBL & Associates Properties . In other news... Colliers International named P. Marc Fischer executive vice WASHINGTON, DC — Mayor Vincent Gray dedicated the new Ballou Senior High School at a ribbon-cutting ceremony on Wednesday, De- cember 17. Joining Gray at this event, which begins at 10 am, are other DC government officials, along with representatives of the project team. The 365,000 s/f complex, located at 3401 4th St. SE in
on expanding its portfolio of properties, streamlining processes, im- proving per- formance and championing career devel- opment for em-
8235 Patuxent Range Rd.
LEED-certified class A cross- dock facility. The project is located less than one mile from MD Rte. 32, two miles from MD Rte. 295 and I-95 and ten miles from BWI Airport. The building design has been ac- cepted by USGBC, and LEED certification is anticipated by March 2015. FELD Entertainment, the company responsible for Ring- ling Bros. and Barnum and Bailey, Disney on Ice and Mon- ster Jam, will consolidate and expand its presence in Howard County at this facility. “The new owner acquired an excellently-maintained, stra- tegically-located and highly-
functional warehouse product that is 80% leased to a credit worthy end-user,” said Matt Laraway , executive vice presi- dent and partner of Chesapeake Real Estate Group. “High qual- ity industrial and warehouse product such as this one is be- coming increasingly sparse in the Baltimore-Washington, DC market and, as a result, there exists strong momentum in de- veloping speculative buildings. Factors such as a strong labor market, proximity to a port location and expanding demo- graphics have positioned this area as extremely attractive and viable for large warehouse requirements.” n
P. Marc Fischer
ployees. Among Fischer’s distinctions, he is a Certified Property Man- ager (CPM), Real Property Ad- ministrator (RPA), Certified Commercial InvestmentMember (CCIM) andLEEDGreenAssoci- ate.He is a fellowwith the Build- ing Owners and Managers Association (BOMA Interna- tional) , where he served on task forces, wrote real estate-related publications and graduated from the organization’s Emerging Leaders in Real Estate program at Harvard Business School. In addition, Fischer is a mem- ber and past president of BOMA Baltimore and the Institute of Real Estate Management (IREM) , among his other profes- sional memberships. n Ward 8, will set a new stan- dard for K-12 education in the District of Columbia. Designed by a joint venture of Perkins+Will and Bowie Gridley Architects on behalf of the District’s Department of General Services, the new school is targeted for LEED Gold certification and will ac- commodate a general student population of 1,400, plus 900 STAY Academy students. n
HFF closes sale of 289,912 s/f BioMed Realty Trust life sciences facility in Rockville, MD
Perkins+Will & Bowie Gridley Archi- tects design 365,000 s/f school in DC
9911 Belward Campus Dr.
estate analyst Dave Baker . “This is a very special purpose facility that provides stable cash
on cash yields from an invest- ment grade tenant formore than 10 years,” Meisel said. n
Made with FlippingBook - Online catalogs