Real Estate Journal — February 9 - 22, 2018 — 5A
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M id A tlantic
And purchase of 350 Morse St., NE Stroock represents Carr Properties in 341,000 s/f D.C. transaction
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a retail-anchored pedestrian plaza linking Market Terminal with the Union Market neigh- borhood. The Stroock real estate team for the 350 Morse St., NE transaction included partners Keitelman and Gail Such- man ; special counsel Joseph Miller ; and associate Kelly Booker . Stroock’s 85-member na- tional real estate group helps clients structure, negotiate and close some of the country’s largest commercial real estate transactions including: the development and recapital- ization of 10 Hudson Yards in NYC; the redevelopment of the former Washington Post site in the heart of Washington, in Baltimore and the clear mar- ket leader in brokerage, capital markets and asset services. “Pete is the natural choice to lead the organization into the next decade,” Gillece said. “He combines unique experience as a global real estate solutions expert and a practical leader respected by our entire team.” Gillece will return to his roots concentrating on client facing activities. “I was eager to get back to problem solving for our clients. I am a firm believer in our ability to make Baltimore an even greater city.” Over a 25-year career at Cush- man & Wakefield, Stanford has developed a deep expertise with both occupier and inves- tor clients. He has led Global Occupier Services teams deliv- ering transaction and portfolio advisory services for clients across EMEA, Asia-Pacific and the Americas, served as director of the Baltimore Asset Services team, and supported the Capital Markets team. “We have a great group of tal- ented and highly-collaborative industry professionals, who take great pride in their client service and community involve- ment,” Stanford said. “Balti- more has always embraced
D.C.; the sale of 1285 Ave. of the Americas located in Rock- efeller Center; the sale of the Southeast Financial Center, an iconic office building in downtown Miami; the recapi- talization of the Century Plaza Towers, the most recognizable trophy office complex in the Century City area of Los An- geles; the disposition of Two Independence Square serving as the headquarters for NASA in Washington, D.C.; the 1.9 million s/f mega-project of Es- sex Crossing on the Lower East Side of NYC; the acquisition of the Department of Veterans Affairs Hospital in Loma Lin- da, CA; and the redevelopment of the World Trade Center site in Lower Manhattan. n the power of the Cushman & Wakefield platform, and we are excited to build on our legacy of local market leadership and global reach.” “Pete is the consummate team player who is highly re- spected throughout Cushman & Wakefield and our industry.” Said Roberta Liss, regional managing principal for the Mid-Atlantic Region. “His broad range of experience across our platform and service lines will yield tremendous opportunities for our clients in the Baltimore market.” In the community, Stanford is a Board Member of the World Trade Center Institute of Bal- timore, past Board Member of Opportunity Builders. Stanford holds the Certified Commer- cial Investment Member (CCIM) and Commercial Investment Real Estate In- stitute (CIRE) designations, and is past president of BOMA Baltimore . He is a gradu- ate of the US Naval Academy and earned an MBA from the George Washington University. Stanford attained the rank of Lieutenant Commander in the US Navy, flying P-3 Orion anti- submarine aircraft during the Cold War. n
ASHINGTON, DC — Stroock repre- sented private real
estate investment trust Carr Properties in two separate transactions, the sale of 1255 23rd St. NW and the purchase of 350 Morse St., NE, both in Washington, D.C. 1255 23rd St. NW is a 341,000 s/f West End office building with multiple ten- ants, including the Humane Society of the United States. The Stroock real estate team for the 1255 23rd St. NW transaction included partners Jeff Keitelman and Steven Moskowitz ; special counsel Joseph Miller ; and associ- ates Kelly Booker and Logan Wyman . HALETHORPE, MD — Cushman & Wakefield ar- ranged the sale of 2209 Sulphur Spring Rd. The 313,000 s/f ware- house is located in Halethorpe. The O’Donnell Group ac- quired the asset from Federal Capital Partners for $13.4 million, or $42.81 psf. The seller was represented by Cushman & Wakefield’s Baltimore Capital Markets team of Jonathan Carpenter , executive director, and Graham Savage , director. “The sale of 2209 Sulphur Spring Rd. shows the attractive fundamentals of the Baltimore Industrial Market for national buyers,” said Savage. “With value-add industrial opportuni- ties in this market extremely few and far between, the sale of this property shows that Balti- more is a sought after industrial location for national buyers. The new owner plans to add dock doors to the vacant property and lease it back up.” TOWSON, MD — Cushman & Wakefield announced that it closed the $18 million sale of Towson Commons located at One W. Pennsylvania Ave. The 10-story, class A office building and 8-story parking garage was 90% leased at the time of sale.
1255 23rd St. NW
350 Morse St., NE, is a to be developed office and retail mixed-use building located in the Union Market area of Washington, D.C. that will be a part of the Market Terminal
development. Market Termi- nal is a mixed-use develop- ment site that will consist of a community gathering space with terraced public gardens, parks, a water feature and
Cushman & Wakefield arranges 313,000 s/f warehouse sale for $13.4 million
Towson Commons
floor and the highly successful LA Fitness facility, will make the building one of the premier office locations in Baltimore County.” Doug Brinkley , managing director, and Lizzy Sweeney , director, also of Cushman & Wakefield’s Baltimore office, will handle leasing at the prop- erty. BALTIMORE, MD — Pe- ter Stanford has been named managing principal of the firm’s Baltimore operations. Stanford will succeed David Gillece who had led the business for the past 14 years. Over that time, the office has established itself as the top real estate services firm
CSG Partners , a Baltimore- based real estate development and investment company, was the buyer of the building. Jonathan Carpenter , ex- ecutive director, Graham Sav- age , director, Nicole Keelty , senior director, and Andrew Posil , director, of Cushman & Wakefield’s Baltimore office represented the client in the transaction. “The sale of Towson Commons represents a new chapter with the building,” said Carpenter. “The new owner plans to invest millions to upgrade the build- ing. These capital enhance- ments, combined with the new retail amenities on the ground
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