Mid Atlantic Real Estate Journal — May 16 - 29, 2014 — 5A
www.marejournal.com
Real Estate Journal — May 16 - 29, 2014 — 5A
www.marejournal.com
M id A tlantic
USAA Real Estate Company to develop new office property in Alexandria, Virginia NGKF represents the Hoffman Family in the sale 704,571 s/f of the National Science Foundation HQ
A LEXANDRIA, VA — The Hoffman family has sold a 2.03-acre development site in Hoffman Town Center in Alexandria, which will become the National Science Foundation (NSF) headquarters, to USAA Real Estate Company , according to the seller's representative N ewmark Grubb Knight Frank (NGKF) . The sale brings to life the original vision put forth by Hubert Hoffman to create a dynamic, master- planned entertainment, busi- ness and residential mecca in the Eisenhower Valley. The class A, 704,571-s/f NSF building will include two in- BALTIMORE, MD — The Traffic Group, Inc. (TTG) has been awarded four sepa- rate contracts, valued at more than $11 million, from the Virginia Department of Trans- portation toprovide traffic data collection services. Founded in 1985, TTG is one of thenation’s leading traffic engineering and transportation planning firms. The Virginia projects – which will run for three years with three one-year renewal options – will collect traffic data in the central, eastern, northwestern, and northern regions of the state. The counts collected support the VDOT Traffic Management System FREDERICK, MD — Avi- son Young has completed the sale of the 28,000 s/f West Park office building in Frederick for $3.1 million. Avison Young principals Joe Friedman and Julian Etches represented the seller, First Potomac Realty Trust. Located at 10 North Jef- ferson St. in the downtown business district The 27-year-old building re- cently underwent a number of common-area improvements, including newly renovated elevator interiors. n
terconnected towers, 19 stories and 14 stories, respectively, 375 parking spaces on three underground levels, and 19,437 s/f of retail space. The NSF will occupy 94% of the build- ing and has preleased it for 15 years through the General Services Administration. The office property is expected to be completed in late 2016. USAA Real Estate, which acquired the site on behalf of an affiliate, will actively seek LEED Silver Commercial Interiors Certifica- tion for the building, which is also designed to achieve Energy Star Rating within 18 months of occupancy. "We are thrilled that Na-
tional Science Foundation is coming to Hoffman Town Cen- ter," said family member Jay Hoffman. "It has always been the mission to create an urban, mixed-use development that could serve as a key employ- ment and entertainment hub in Alexandria and it is fulfilling to see that we're accomplishing that." When completed in 2020, it will include 3.5 million s/f of class A office space in 10 build- ings; 1.5 million s/f of housing in four residential towers; two full-service hotels; 220,000 s/f of retail stores and restau- rants; and a 22-screen AMC Theater. n
National Science Foundation headquarters The Traffic Group wins contracts totaling $11m with VA Dept. of Transportation
ColliersbrokerssaleofHarford County flex building for $5.5m
(TMS), which has the respon- sibility for producing Annual Average Daily Traffic (AADT) estimates on many of the road- ways within Virginia. “We have worked with the state of Virginia for 18 years now and consider them a part- ner,” said Wes Guckert, PTP , president of The Traffic Group. “We are proud of this relation- ship that has spanned nearly two decades and pleased they continue to turn to us for their traffic counting needs as they try to create more efficient and safer methods for vehicle transportation throughout Virginia. To conduct the data collec-
tion, The Traffic Group will use a series of new technolo- gies and equipment to com- plete more than 4,600 traffic counts averaged annually with the Virginia Department of Transportation. These counts will include mechanical vol- ume counts and classification counts, manual turning move- ment counts, GPS measure- ments, speed data, and license plate tracking O&D studies. For this project, TTG has hired local, Virginia residents to handle the on-site traffic data collection. Contributing to the local economies, TTG hires local workers for all out- of-state projects. n
1361 Brass Mill Rd.
senior vice president. Glass- berg, who has more than 25 years of commercial real es- tate experience in Maryland, will focus on leasing and sales in the Baltimore region. “Abby has been a pillar in Maryland’s commercial real estate community for decades,” said Tim Hearn, CEO and principal of Colliers | Baltimore. “We’re eager to welcome her to Colliers and proud to offer her the power- ful resources of our company.” Prior to joining Colliers, Glassberg led CBRE’s Balti- more Private Client Group as first vice president. She brings experience in invest- ment sales and brokerages as well as knowledge about the ownership, acquisition and sale of commercial real estate. Her clients included private corporations, family-owned entities, local municipalities, individuals and institutions. n
BELCAMP, MD — Col- liers International in Bal- timore brokered the sale of a fully leased 53,000 s/f in- dustrial-flex building at 1361 Brass Mill Rd. in Belcamp for $5.5 million. Colliers repre- sented the seller Northcross East, a Harford County de- veloper. “This continues the trend of interest in stabilized, well-lo- cated industrial-flex assets in the North I-95 Corridor,? said David Dannenfelser , man- aging director and principal of Colliers | Baltimore.”The professional management from the owner combined with the strength of the I-95 North Industrial Corridor further enhanced the value of this asset.? Brad Berz ins o f NAI KLNB represented the buyer of the property. In other news, Colliers named Abby Glassberg
Avison Young completes $3.1moffice property sale
10 North Jefferson Street
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