6A — January 15 - 28, 2016 — DelMarVa — M id A tlantic

Real Estate Journal


D el M ar V a

Wilmington, DE — NAI Emory Hill sold the Stoney Batter Office Complex on Lime- stone Rd. in Wilmington to 5301 Properties, LLC. The 45,399 s/f class A office build- ing, located on 6.1 acres with 222 parking spaces, was pre- viously owned by Rockford Limestone, LLC. NAI Emory Hill sells Stoney Batter office complex Tenants in the building in- clude Simon Eye Care, Lab Corp, Edward Jones & Co., Meridian Bank and Crown, Cork and Seal. NAI Emory Hill commercial real estate agents Jim O’Hara, Jr., Jim O’Hara III and KevinO’Hara represented both the buyer and seller in the sale transaction. n ARLINGTON, VA — FD Stonewater announced that William Magner joined the firm’s Board of Advisors and will be actively involved in the organization’s continued ex- pansion. In particular, Bill will assist with growing the inves- tor base within the firm’s na- tionwide principal investment and development platforms. Magner has a distinguished Magner joins FDStonewater history in the commercial real estate industry having most recently served as the U.S. President for Cushman & Wakefield. Prior to Cush- man &Wakefield, Magner was an international director for Jones Lang Lasalle (JLL) and Spaulding & Slye, where he served as a Managing Partner of the DC Region prior to JLL’s acquisition of the firm. n Newmark Grubb Knight Frank brokers 26,500 s/f lease

Ryan, Kornick & Vredenburgh represents seller Avison Young completes sale of Park Stone Place in Chantilly C

hantilly, VA — Avison Young an- nounced the sale of Park Stone Place, which is located in the Washington, DC suburb of Chantilly. Park Stone Place is a class A office building located at 5155 Parkstone Dr. in the campus setting of Westfields Business Park in the Northern VA Rte. 28 South submarket. The sale represents the third office building sold by Avison Young in Northern Virginia in the past 90 days. The 75,838 s/f building is 100% leased to Accenture Fed- eral Services. The property was acquired by EPIC US, LLC. Avison Young principals Chip Ryan and Jim Kor- nick along with Associate Matt Vredenburgh , based in the firm’s Washington, DC office, represented the seller, WILMINGTON, DE — Rockford Capital Partners announced the sale of Stoney Batter Office Building, a class A office building located at 5301 Limestone Rd. in Wilm- ington. Stoney Batter Office Build- ing is comprised of 45,399 rentable s/f and sits on a 6.1

Park Stone Place

said Ryan. “The long-term stability of the tenancy, the building quality and the superb location inWestfields Business Park contributed to the proj- ect’s aggressive cap rate and sales price,” said Ryan. n to a range of tenants, including medical, insurance, and real estate users. The building was sold to 5301 Properties LLC. Rockford Capital is actively pursuing additional value- add investment opportunities throughout the Mid-Atlantic and eastern regions. n ternationally. SVN now has over 1,400 advisors and staff in nearly 200 offices around the world. The company will continue to stand apart from the industry in its belief that commercial real estate should be practiced in an open and collaborative fashion. “As the youngest of the top 10 brands in our industry, we have the advantage of being born in the age of the Internet, so it’s very natural for us to leverage tech- nology and our value networks to bring unique opportunities to all our stakeholders”, said Maggiacomo. The SVN brand name and new logo will roll out globally over the next 12-18 months. n Rockford Capital sells Wilmington, DEOffice Property acre parcel in the Wilmington suburb of Pike Creek. Rock- ford Capital, on behalf of its sponsored investment vehicle Rockford Real Estate Fund I, L.P. , acquired the building in May 2012, at which time it was 87% occupied. At the time of the sale, 100% of the two-story building was leased SALISBURY, MD — Sper- ry Van Ness (SVNIC) has an- nounced that it is changing its signature brand name to SVN . The Sperry Van Ness brand was launched in 1987 out of a desire to improve the com- mercial real estate industry for all stakeholders. The com- pany became a national fran- chise operation in 2003. A few years later, one of the original partners left the business. In 2010, Mark Van Ness , the founder and 22-year CEO retired and promoted Kevin Maggiacomo to president & CEO. Since then the company has added more than 100 of- fices, developed and adopted award winning, leading-edge Sperry Van Ness International Corporation brand is now SVN technology systems, launched new service lines and expanded across the globe. “We have been growing ser- vices and offices internation- ally and are transitioning to a name that will be easily recognizable around the world, while remaining true to the values that make our people, our platform and our purpose so unique,” said Maggiacomo, “We’ve been calling ourselves SVN for decades and our web domain has always been svn. com, so making SVN our offi- cial name is very natural.” With 28 years in operation, SVN is celebrating record growth in 2015 by adding 25 offices nationally and in- Cambridge and West Ocean City. Kraus Props. realized that uses such as a convenience store with fuel, hotels, fast foods, and casual dining are sorely needed in this section of the county. Lots will be available for sale or land lease, and each lot will have water, sewer and natural gas available. n SVN – Miller’s McClellan sells land for a hwy. commercial park SALISBURY, MD – John McClellan, CCIM , senior advi- sor with SVN – Miller Commer- cial Real Estate in Salisbury, MD recently closed on the purchase of a land deal with Baltimore-based Kraus Props., LLC. Kraus purchased a 26.35 acre parcel located along the Rte. 50 bypass at the Naylor Mill interchange. The land is being planned for a highway commercial park, targeting commercial, service and industrial uses that desire high visibility, easy transporta- tion access, and a high traffic location. From a beach traffic perspective, convenient services are extremely limited between a local investor. All three are members of the firm’s national capital markets team. “This transaction illustrates the ongoing investor demand for assets leased over the long term to credit-worthy tenants,”

players in agency leasing, tenant representation and capital markets in the past two years and remain commit- ted to growing with the addi- tion of top talent,” said Barry Gosin, chief executive officer of Newmark Grubb Knight Frank. “Cris and his team have an enviable track record in investment sales, debt and equity advisory and transac- tion management services, and bringing them on board marks another milestone that strengthens our positioning in Baltimore and in the region.” “I am thrilled to become a part of NGKF Capital Mar- kets,” said Abramson, who leads the sought-after team. “As a leading and growing national capital markets pro- vider, it was the ideal choice. Newmark Grubb Knight Frank’s premier global plat- form will bring immense value to my team and our clients.” Abramson brings over 15 years of sales experience, with a focus in office, industrial and flex properties, to NGKF Capital Markets. Kruger brings several years of capital markets experience to the NGKF Maryland office, specializing in investment sales, debt and equity advi- sory and transaction manage- ment services. Signor joins NGKF Capital Markets specializing in in- vestment sales, debt and eq- uity advisory and transaction management services, with a focus on industrial and office investment sales. n

Washington, DC — Newmark Grubb Knight Frank (NGKF) represented owners Quadrangle Devel- opment Corporation (Quad- rangle) and Oxford Proper- ties Group in a joint venture lease to Optoro in Washing- ton Center. The 355,000 s/f, class A building is located at 1001 G St., NW DC. Optoro will occupy 26,500 s/f on the 12th floor. NGKF’s Brendan Owen, George Vogelei and Rafael Notario represented the ownership in this trans- action. “We are pleased to welcome this growing tech firm to our strong tenant base at Wash- ington Center,” said Quad- rangle President, Christopher Gladstone. Baltimore, MD — NGKF Capital Markets continues to bolster its na- tional presence with the re- cent addition of Cristopher Abramson as executive man- aging director-Investment sales, Brian Kruger as se- nior managing director and Nicholas Signor as director to the Baltimore office. The heavy-hitting trio is prolific in industrial, office and land investment sales within the Maryland market. Abramson has executed some of Mary- land’s largest sales to date and has completed $3 billion worth of transactions in the Baltimore-Washington metro area. “We have significantly strengthened our team in the Mid-Atlantic region with the hiring of several world-class

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