R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

Bradley Gillis represents the seller and Chris Davis represents the buyer Davis & Gillis of SVN-Miller sell $22m of medical office space in 4Q 2015

ISSUE HIGHLIGHTS Volume 28 Issue 2 Jan. 29 - Feb. 11, 2016

ALISBURY , MD — Chris Davis and Brad- ley Gillis, CCIM , both senior advisors with SVN – Miller Commercial Real Es- tate in Salisbury, MD settled four medical office deals in the fourth quarter of 2015, total- ing over $22 million in value. The medical spaces are located throughout Maryland and Delaware. In all four transac- tions, Gillis represented the seller and Davis represented the buyer. The properties are as fol- lows: 29,000 s/f located at the Delmarva Health Pavilion in Millsboro, DE, a 22,000 s/f medical building located within Woodbrooke Medical Park in Salisbury, MD, 9,900 s/f in the Bridgeville Medical Center in Bridgeville, DE, and 9,850 s/f of medical space within the Georgetown Medi- S WASHINGTON, DC — Rubenstein Partners, LP , in partnership with an entity of Trammell Crow Company , announced the closing of a $15 million senior secured loan commitment for Maryland Trade Center III, a 192,000 s/f class A office property. F irst Niagara Bank, N.A. is providing the new loan facility. Maryland Trade Center III is located at the intersection of the Capital Beltway and MD 295, within the Greenbelt

SPOTLIGHT Economic Development 9-14A

Landmark Comm’l Realty reps. buyer in $15.2m sale of 173-unit complex

Cambridge Village

SVN-Miller medical office portfolio ter and Bridgeville Medical Center are income-producing properties, occupied by either

cal Center in Georgetown, DE. Delmarva Health Pavilion, Georgetown Medical Cen-

Peninsula Regional Medical Center or Nanticoke Memorial Hospital. n


Rubenstein Partners & Trammell Crow announce $15m financing for Maryland Trade Center III

For speaking and sponsorship information, please contact: Linda at 781-871-3456 or lchristman@marejournal.com Multifamily Conference FEBRUARY 11, 2016 NJ Industrial Real Estate and Development Summit MARCH 18, 2016 NJ Land Development Summit UPCOMING CONFERENCES FEBRUARY 5, 2016 PA Apartment &

submarket of Washington, DC. The Rubenstein / Trammell Crow partnership is leas- ing the office space following a significant modernization project. Recent building reno- vations include modernization of the lobby and upgrades to restrooms & building systems. The ownership previously extended a lease with PNC for a 2,675 s/f bank branch on site and transformed it into a separate condominium, which was sold to a net lease investor in 2015. The new loan commitment, which has a term of up to five years, provides for future funding associated with con- tinued leaseup. A CBRE debt placement team led by David Webb and Erik Binkowski represented the Rubenstein / Trammell Crow partnership in securing the loan. “In partnership with Tram- mell Crowwe are continuing to execute our plan to add value to Maryland Trade Center III and we are pleased to grow our relationship with First Niaga- ra through this transaction,” said Scott Whittle , director of finance for Rubenstein. n


Shopping Centers.............................................. 5-8A Owners, Developers & Managers...................15-40A Green Buildings............................................ 35 - 39A

Upcoming Spotlight February 12, 2016 AUCTIONS & AUCTIONEERS


Maryland Trade Center III

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