Mid Atlantic Real Estate Journal — February 14 - 27, 2014 — A
www.marejournal.com
Mid Atlantic Real Estate Journal — February 14 - 27, 2014 — 7A
www.marejournal.com
Berlin and Rosa of Cushman & Wakefield represent seller in $5.2m sale NAI KLNB brokers sales totaling $16.62 million & 149,021 s/f in Alexandria and Fairfax County, NJ
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LEXANDRIA, VA — NAI KLNB has brokered the sale of
building is positioned approxi- mately two miles fromNational Airport and Old Town Alexan- dria, one mile from the George Washington Parkway and is within walking distance to the Braddock Road metro station. FAIRFAX COUNTY, VA — NAI KLNB, in conjunction with C-III Realty Services, LLC , has brokered the sale of Wynwood I and II, a two- building portfolio containing approximately 88,000 s/f of of- fice space within the Chantilly sub-market of Fairfax County in northern Virginia for $5.62 million, or approximately $64 per s/f. Kevin Goeller , Chris Kubler and Josh Simon of NAI KLNB represented the seller, US Bank National Association, Trustee for Series 2007-C4 and Larry Fitzgerald of New- mark Knight Grubb Frank represented the buyer, Chalm- ers Property Company , in this transaction. The property consists of Wyn- wood I, located at 5160 Park- stone Drive and is comprised of nearly 47,000 s/f of space, and Wynwood II, which con- tains approximately 41,000 s/f of space and is located at 5180 Parkstone Dr. n
515 N. Washington St., a five- story 25,204 s/f historic building located in Old TownAlexandria to CAS Riegler Companies, LLC for $5.2 million. Josh Si- mon of NAI KLNB represented the buyer and Eric Berlin and Jorge Rosa of Cushman Wakefield represented the seller, the International As- sociation of Chiefs of Police in this transaction. The new owner plans to convert the building into resi- dential condominiums. Con- struction on the conversion is expected to commence in the second or third quarter of 2014. “Our research shows a contin- ued demand for amenity-based, high-end residential product that blends historic features with new, contemporary design elements. Realizing the under- lying market fundamentals were in place enabled us to be aggressive in our pursuit of this project” explained Josh Simon of NAI KLNB. In other news... NAI KLNB has brokered the sale of 410-420 Calvert Ave., a BALTIMORE, MD — The year 2013 exceeded expecta- tions for St. John Properties, Inc. which leased more than 1.2 million s/f of R&D/flex, office, retail and warehouse space to more than 240 differ- ent companies throughout its portfolio encompassing seven states. Founded in 1971, the Baltimore-based company now owns and has developed more than 17 million s/f of space in MD, CO, LA, NV, PA, VA and WI. For the year just concluded, St. John Properties signed new leases and renewals totaling more than 2.6 million s/f of space, representing 465 sepa- rate transactions. In addition, the company initiated construc-
420 Calvert Ave.
515 N. Washington St.
35,817s/f industrial/warehouse building located in Alexandria, Virginia to 410-420 Calvert LLC for $2.8 million. Josh Si- mon and Marc Tasker of NAI KLNB represented the buyer, and Michael Porterfield and Steve Beggs of Tartan Prop- erties represented the seller, The Protestant Episcopal Theo- logical Seminary in Virginia in this transaction. The industrial/warehouse
Wynwood 2013 recap: St. John Properties leases more than 1.2m s/f of new space for more than 240 separate tenants
in the northeastern section of Baltimore County. Other corporate highlights included: • sale of 34 acres of land in Ashburn area of Loudoun County to Corporate Office Properties Trust for $14 mil- lion • sale of 11 acres of land at former North Point Drive-In in Dundalk section of Balti- more County to K. Hovnanian Homes for $2 million • initiation of construction on first building in the company’s new Route 100 Tech Park near BWI Airport in Anne Arundel County • achievement of company’s 20th LEED building certifica- tion from United States Green
Building Council for satisfy- ing Leadership in Energy and Environmental Design require- ments • signing R/C Theatres to 45,000 square foot lease at Lexington Exchange in St. Mary’s County for a 12-screen movie theatre Larry Maykrantz , presi- dent of St. John Properties said, “The core fundamentals of the company that include placing our clients’ needs first, offering creative solutions to specific real estate problems and pro-actively anticipat- ing and responding to tenant requirements, has generated confidence and long-standing relationships among our more than 2000 tenants.” n
Greenleigh Rendering
tion on more than 350,000 s/f of commercial office space. Last spring, together with its joint venture partner Somerset Construction , St. John Prop- erties revealed conceptual de-
sign plans for the next phase of Baltimore Crossroads: Green- leigh, which will incorporate 2000 single-family, townhome and multi-family product in the mixed-use community located
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