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R EAL E STATE J OURNAL the most comprehensive source for commercial real estate news

ISSUE HIGHLIGHTS Volume 25 Issue 22 Nov. 22 - Dec. 5, 2013 Professional Services

Represented by Cassidy Turley in Hampstead, MD The Hampshire Companies sells 1,035,249 s/f industrial building

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AMPSTEAD, MD — The Hampshire Companies , a full-

service, private real estate in- vestment firm has announced the sale of a 1,035,249 s/f state- of-the-art distribution building located at 630 Hanover Pike in Hampstead, Md. The buyer is STAG Industrial, Inc . The property is currently leased to Dart Container. Built in 2000, the industrial building spans across 51 acres and serves as a cross-docked class A distribution center. With recent storm regulations imposed by the Maryland De- partment of the Environment, the coverage ratio for new developments has been sig- nificantly reduced leading to increased costs to build similar

distribution center on the East Coast” said Igor Derbarem- diker , a senior investment manager for The Hampshire Companies. “Hampstead has emerged as a desirable busi- ness location due to low oper- ating costs and a strong labor 630 Hanover Pike, Hampstead, MD

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large distribution centers, giv- ing the property a more favor- able position in the future. “With complete amenities and a superior location, this property offered an investor the unique opportunity to own a premier state-of-the-art

pool. The strong credit profile of the tenant also made this an attractive deal for the buyer, allowing us to capitalize on this opportunity.” Cassidy Turley represented The Hampshire Companies in this transaction. n

4.5 acre development site on Howard Rd. in Southeast Washington, D.C MAC Realty Advisors represents the seller of Poplar Point Development Site

23 rd Annual Merit Construction Awards of Excellence 12-13B

WASHINGTON, DC — On October 18, 2013, a local de- veloper purchased a 4.5 acre development site on Howard Rd. in Southeast Washington, DC from a European-based fund who was exclusively represented by MAC Realty Advisors, LLC (“MAC”) . The Poplar Point site is zoned W-3 and is located steps from the Anacostia Metro Station, which is served by the Metro’s Green Line. The

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Ballpark has begun to spread just one Metro stop away. This site offers the opportu- nity to develop surface-parked low-to-mid-rise wood-frame residential construction in a transit-oriented location, which is essentially unheard of in Washington, DC,” said Andrew McAllister , execu- tive director of MAC. “Alterna- Howard Rd., Southeast Washington, D.C

tively, the purchaser could wait for the opening of the newDHS headquarters to transform the neighborhood and build a higher-density construction type,” said Bruce Levin , ex- ecutive director of MAC. Bruce Levin, Andrew McAl- lister, Ben Lazarus , and Nick Rubenstein led the market- ing effort for MAC. n

site can be improved with up to 1.4 million s/f of FAR. The property is located near the St. Elizabeth’s campus, which will house the new headquarters of the Department of Homeland Security (“DHS”). “The incredible transforma- tion that has taken root in the neighborhood surrounding the Washington Nationals

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