Real Estate Journal — November 14 - 27, 2014 — 3A
M id A tlantic
W 155,713 s/f building sold to First Potomac Realty Trust Cassidy Turley represents BlackRock in $89m sale ASHINGTON, DC – Cassidy Turley , announced that it
Three month total is 450,000 s/f NAI KLNB brokers four leases totaling 142,000 s/f
represented BlackRock Real Estate on behalf of one of its clients, in the sale of 11 Dupont Circle, a 155,713 s/f office build- ing, located on Dupont Circle in Washington, DC. Vice chairmans Bill Collins and Paul Collins , and execu- tive managing directors Drew Flood , Jud Ryan and J ames Cassidy of Cassidy Turley rep- resented BlackRock in the $89 million sale to First Potomac Realty Trust . “Dupont Circle is synony- mous with prestige inWashing- ton, DC and 11 Dupont is one of the best assets in that market,” said Flood. “I give credit to BlackRock for their vision when they acquired it on behalf of their clients seven years ago, and I think First Potomac will enjoy tremendous long-term CHEVY CHASE, MD — Federal Capital Partners (FCP) has announced the $11.5 million acquisition of a 313,000 s/f industrial distribution fa- cility one mile from the I-95 and I-695 interchange on Sul- phur Spring Rd. just south of downtown Baltimore, MD. The facility recently underwent a $4 million renovation that included modernized dock ar- eas, high efficiency lighting, a new roof, site asphalt and new security features. FCP will pro- vide additional infrastructure improvements and has retained Cassidy Turley to lease the property. “2209 Sulphur Spring offers one of the only existing large contiguous blocks of industrial warehouse space in the supply- constrained Baltimore market,” said FCP vice president, Erik Weinberg . “FCP has planned additional site and building im- provements to complement the recent renovation and to further enhance the facility’s position in the market.” “Cassidy Turley is excited to
ness Parks; and Habitat for Humanity signing a lease for 25,466 s/f of space at 4311 Walney Rd. in the Walney Business Center in Chantilly, with Tasker and Moody rep- resenting the landlord, CIII Realty Services. Additional NAI KLNB ac- tivity included brokering a ten-year 129,580 s/f lease and the sale of 4.4 acres of land at Patriot Business Cen- ter, as well as brokering four leases totaling approximately 180,000 s/f of space at Airport Commerce Center near Wash- ington-Dulles International Airport. NAI KLNB’s Marc Tasker and Kevin Goeller rep- resented the landlords in these transactions. “The Northern Virginia industrial and warehouse market continues to exhibit strength and momentum, with the majority of activity migrat- ing to best-of-class buildings,” said Goeller, principal with NAI KLNB. n “Centric Commercial is a great fit for CORFAC Inter- national and fills a market that is central to our network platform of having top qual- ity firms in key locations. Given Austin’s rise as a ma- jor tech center in the U.S., we’re glad to have Craig, Russell and their colleagues on board,” said Dan Granot, SIOR , CORFAC Internation- al Affiliation Development Committee Chair. “Austin has become a Tier 1 city and increasingly sophisticated market.” n tions. Centric Commercial ex- clusively represents tenants in both lease and investment assignments.
VIENNA, VA — NAI KLNB has brokered four leases total- ing approximately 142,000 s/f of space in the Northern Virginia marketplace, bring- ing the recent three-month activity to more than 450,000 s/f of space comprising nine separate transactions. The most recent transac- tions include: Mr. Floor sign- ing a lease for 64,578 s/f of space at 5617 Industrial Dr. in Springfield, VA with Marc Tasker, CCIM, SIOR and Kevin Goeller, CCIM, SIOR representing Prologis; AT&T signing a lease for 22,600 s/f of space at 8308 Cinder Bed Rd. in Newington, VA with Marc Tasker and Jim Crowder representing the landlord, Curtis Investments; DynCorp signing a lease for 30,560 s/f of space at 7001 Newington Rd. in the Gunston Industrial Park in Newington, Virginia with Tasker, Ryan Moody and Josh Simon represent- ing the landlord, PS Busi- FALLS CHURCH, VA — CORFAC International president Robert Tillsley, SIOR , announced that Aus- tin-based Centric Commer- cial has joined CORFAC In- ternational as the network’s fourth Texas firm. Led by founder/principal Craig Couch and princi- pal Russell Todd , Centric Commercial/CORFAC In- ternational covers a wide range of real estate services including strategic planning, site selection, lease negotia- tions, lease renewals, lease expansion, financial analysis, construction/project manage- ment, relocation support, and property acquisitions/disposi-
11 Dupont Circle
success at 11 Dupont Circle.” 11 Dupont Circle offers Me- trorail access and is situated around primary DC thorough- fares, including, Connecti-
cut Ave. Massachusetts Ave. and New Hampshire Ave., which allow for express access throughout DC and to subur- ban Maryland. n
Federal Capital Partners acquires 313,000 s/f building for $11.5 million
Centric Comm’l joins CORFAC Int’l
2209 Sulphur Spring Rd.
Turley principal and senior vice president Jarred Testa . “2209 Sulphur Spring has many ame- nities that industrial users in the market desire, including ample trailer parking, secure access and outside storage.” FCP extends its appreciation to Cris Abramson and Brian Kruger of Cushman Wake- field , who represented the seller in this transaction. Financing was provided by Eagle Bank . n
be working with Federal Capi- tal Partners and is focused on exposing 2209 Sulphur Spring Road to the Mid-Atlantic in- dustrial market,” said Cassidy
Made with FlippingBook - Online catalogs