12A — December 11 - 23, 2015 — DelMarVa — M id A tlantic
Real Estate Journal
www.marejournal.com
D el M ar V a
A S H I N G T O N , DC — Cushman & Wakefield rep- On behalf of an institutional investor, in the sale of two buildings Berkman & Gichner of Cushman & Wakefield represents Cornerstone Real Estate Advisers LLC W on behalf of Cornerstone Real Estate Advisers LLC and its client.
with wraparound windows which provides unobstructed views of Washington’s major monuments, including the White House, Treasury De- partment, Washington Monu- ment, the Jefferson Memorial, and portions of the National Mall. “This is an iconic Washing- ton property. It is one of only two private properties facing the White House - with clas- sic architecture and sweeping views over the National Mall,” said Berkman. “No wonder we had so much interest from investors all over the world. There will always be tremen- dous demand for classic Wash- ington office buildings.” n Federa l Capi ta l Partners announces $88.7 million sales Chevy Chase, MD — Federal Capital Partners (FCP) announces the $88.7 million sales of two Prince George’s County apartment communities, South Pointe and Montpelier Crossing. Located within walking distance of the Southern Avenue Metro station in Temple Hills, MD, the 390- unit South Pointe Apartment property was originally pur- chased by FCP as Oxon Park and Oxon Terrace in Novem- ber of 2011. The property underwent an extensive com- mon area improvement plan during FCP’s ownership. Montpelier Crossing, with 386 units on Muirkirk Rd. in Laurel, was acquired by FCP in October of 2011 and also underwent substantial renovations, including the construction of a new leas- ing center and fitness facility which helped reposition the property within the quickly growing Fort Meade area. FCP vice president, Chris LoSapio, said on the two sales, “Our business plans at these two well-located com- munities are complete and were highly successful, with strong leasing performance and steady NOI growth.” FCP extends its appre- ciation to Transwestern’s Dean Sigmon and Robin Williams for their represen- tation of FCP at South Pointe and to Bill Roohan, Mike Muldowney and Martha Hastings of CBRE for their representation at Montpelier Crossing. n
1501 Pennsylvania Ave. NW is a one-story, 5,000 s/f bank branch with a stunning 50 foot high, ornate ceiling. The building was built in 1902 and serves as a Bank of America bank branch. Due to its prox- imity to the Treasury Depart- ment, it was once visible on the ten dollar bill. 730 15th St. NW is a 10-sto- ry, 112,000 s/f office building that is connected to 1501 Pennsylvania Ave. The top floor houses a grand ballroom
resented Cornerstone Real Estate Advisers LLC, acting on behalf of an institutional investor, in the sale of two buildings located at 1501 Pennsylvania Ave. NW and 730 15th St. NW. The two historically significant proper- ties, which total 117,000 s/f are located one block east of the White House and are fully leased to Bank of America. Executive directors Eric Berkman and Steven Gich- ner brokered the transaction
730 15th St. NW
BALT IMORE / WASHINGTON / PHI LADELPHI A
Harkins is Building Commercial
Howard County Maintenance Facility 50,000 sf Vehicle Maintenance Facility
Delaware Joint AF Reserve Center 109,000 sf Mission Critical Com- mand, Control, Training, and Administration Building
Satellite Earth Terminal Station 34,000 sf Mission Critical Facility with 20,000 sf Data Center
www.harkinsbuilders.com 2201 Warwick Way, Marriottsville, MD | 610 East Baltimore Pike, Media, PA | 7927 Jones Branch Dr., Tysons Corner, VA Construction, Preconstruction and Design-Build Excellence Since 1965
410.750.2600
610.627.4945
703.738.0028
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