Real Estate Journal — December 14 - 27, 2018 — 3A


M id A tlantic

St. John Properties completes leases totaling 35,000+ s/f

Acquired in a joint venture with Blackfin RE Investors DivcoWest opens DC office; acquires 392-unit apartment W ASHINGTON, DC — DivcoWest Real Estate Services,

LLC, (DivcoWest) , a real estate investment firm has opened an office inWashington, DC at 1620 L St., NW. San Francisco-headquar- tered DivcoWest also has offices in Boston, Los Angeles and New York. The Washington, DC office will be led by managing direc- tor Ryan Friend . The office will focus on sourcing regional acquisition opportunities and management of the firm’s exist- ing portfolio. “This new office demonstrates our commitment to the Wash- ington, DC market, which we believe to be one of the most at- tractive growth markets for the innovation economy,” said chief executive officer, Stuart Shiff. “We look forward to leverag- ing DivcoWest’s relationships throughout the country to continue the growth of our platform and portfolio in the region,” Friend added. Since March of 2017 Div- HAGERSTOWN, MD — Pessin Katz Law, P.A. (PK Law) represented K&S Capital in the $9.25 million acquisition of 19224 Longmeadow Rd., a nearly 297,000 s/f industrial/ warehouse building located in Hagerstown. H erbert Bur- gunder III , member, PK Law represented K&S Capital and the transaction was brokered by DerekHeckman of ReMax Commercial who represented the seller. Financing was ar- ranged by Brendan Harman at MacKenzie Capital and the lender was ACNB Bank . The building is 100% leased by Blind Industries and Services of Maryland. Contained on 20 acres of land, the single-story building features 30 ft. clear ceiling heights throughout one-half of the structure, and twen- ty foot clear ceiling heights throughout the balance. The project, which has rail access and fifteen loading docks, is

11155 Dolfield Rd. in Owings Mills

BALTIMORE, MD — St. John Properties, Inc. , a full-service commercial real estate development and in- vestment company, has re- cently completed three leases totaling more than 35,000 s/f of space in Baltimore County. American Pool Enterprises is expanding and relocating to 11155 Dolfield Rd. in Owings Mills and will now lease 15,000 s/f of space; USA Marble and Granite, LLC leased 12,000 s/f of space within the Timonium Business Center in Timonium and Erickson Living signed a lease for 8,100 s/f of space at the Beltway West Corporate Center in the Catonsville sec- tion of Baltimore County. American Pool Enterprises provides pool management services to apartment and active adult communities, as well as country, swim and golf

clubs and military bases. USA Marble and Granite provides a wide range of marble, gran- ite and quartz countertops for kitchens and bathrooms. Erickson Living, which owns and operates a number of senior living communities throughout ten states, will utilizing the space at Beltway Corporate Center to house administrative functions. “Leasing momentum re- mained brisk throughout the summer, with our Baltimore County portfolio the ben- eficiary of significant leasing activity,” said Richard Wil- liamson , senior vice presi- dent, leasing and marketing for St. John Properties. “These recent leases demonstrate the diversity of companies that are choosing St. John Proper- ties to satisfy their real estate requirements.” 

Avalon Woodland Park

coWest has completed four ac- quisitions in the Washington, DC area on behalf of multiple investment partners. These investments include 1620 L St., NW, a 171,000 s/f office building in the CBD sub- market, 1133 15th St., NW, a 213,000 s/f office building on the border of the CBD and East End submarkets and 1255 23rd St., NW, a 350,000 s/f office building in the West End submarket. Since acquisi-

tion, DivcoWest has focused on enhancing the assets through capital improvements and leasing. More recently, DivcoWest completed the acquisition of Avalon Woodland Park, a 392- unit apartment community in Herndon, VA. Acquired in a joint venture with Arlington, VA-based Blackfin Real Es- tate Investors , the partner- ship has renamed the commu- nity Adara Herndon. 

PKLaw represents K&SCapital in acquisition of 290,000 s/f warehouse building for $9.25 million

CREGachieves 100%occupancy at Baltimore Crossroads @95

Urban Air Trampoline Park

19224 Longmeadow Rd.

BALTIMORE, MD — Ches- apeake Real Estate Group, LLC (CREG) has achieved 100% occupancy at Baltimore Crossroads @95 with the 22,700 s/f expansion of Urban Air Trampoline Park within 11501 Pocomoke Court. Since initiat- ing development activities at the mixed-use business commu- nity in the White Marsh section of Baltimore County in 2006,

CREG has constructed eight buildings comprising nearly 1.4 million s/f of space on 239 acres. In 2016, Urban Air Tram- poline Park signed a lease for 30,000 s/f of space within Bal- timore Crossroads @95 to house its entertainment concept. The company is nearly doubling its size within the 100,900 s/f building to satisfy customer demand. 

within close proximity to I-81. The central business district of downtown Hagerstown is located five miles away. Blind Industries utilizes the building for the manufac- ture and distribution of paper products including napkins, facial tissue, paper towels and toilet paper. Established by the Maryland General Assembly

in 1908, Blind Industries and Services of Maryland provides diverse employment opportu- nities for over 600 associates, many of whom are blind or visually impaired, and manu- factures more than 700 prod- ucts at locations in Baltimore, Cumberland, Federalsburg, Hagerstown, Salisbury and Raleigh, North Carolina. 

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