Real Estate Journal — DelMarVa — December 9 - 22, 2016 — 15A
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M id A tlantic
Paxton leases 143,440 s/f in Plaza 500 in Alexandria, VA NGKF closes one of the largest industrial lease transactions in Greater Washington DC
LEXANDRIA, VA — Newmark Grubb K n i g h t F r a n k (NGKF) announced that it completed one of the largest in- dustrial lease transactions in the Greater DC Metropolitan area this year, totaling 143,440 s/f in Plaza 500 in Alexandria, VA on behalf of Paxton Van Lines, Inc. (Paxton). Execu- tive managing director Larry FitzGerald represented Pax- ton in its original 107,313 s/f lease transaction three years ago in Plaza 500, which has now been renewed and ex- panded by 36,127 s/f. Earlier this year FitzGerald repre- sented Paxton, headquartered in Springfield, VA, in the sale of 32 acres of M1 land A RICHMOND, VA — Ger- ald S. Divaris, chairman and CEO of Divaris Real Es- tate, Inc. (DRE) , announced the signing of six leases to- taling 35,457 s/f of new and renewed commercial space in central Virginia. Negotiations were handled by the agents of DRE’s Richmond office. Rite Aid renewed its lease for 13,652 s/f of retail space in the Divaris-leased and -managed 360 West Shopping Center located at 7228 Hull Street Rd. in Richmond. Rite Aid is the largest drugstore chain on the East Coast and the third-largest in the United States, employing roughly 89,000 associates. House of Hair renewed its lease for 2,079 s/f of retail space in 360 West Shopping Center as well. The pharmacy and beauty sa- lon are joined by co-tenants in 360 West that include: Dollar General, AutoZone, Subway, and Cricket Wireless. DRE’s Sara Goodall represented the landlord, HSW, LLC and RMW2, LLC, in both lease renewals. Epic Healthcare leased 8,844 s/f of office space in the Divaris-leased and –managed Fountain Park located at 9325 Midlothian Turnpike in Richmond. The Epic Health
Paxton Van Lines has been a great tenant for First Potomac and we value our long-term relationship with them,” said Edward Zaptin , VP of First Potomac Realty Trust of Northern Virginia. Plaza 500 is a two-story, 500,800 s/f industrial property owned by First Potomac Real- ty. It is located at 6295 Edsall Rd. in Alexandria,and pro- vides easy access to I-95, I-395, I-495, metrorail and metrobus services. It is surrounded by a multitude of restaurants and amenities. Plaza 500 offers a range of options and solutions for tenants looking for space such as offices, classrooms and warehouse space in the Alexandria market. n al cross border investment transactions are continuing to rise. “Industrial firms are coming to the Delmarva Peninsula” said Hanna. “In the past sev- eral years we have worked with firms from Germany, Belgium, France, China and Korea. This activity is con- tinuing to grow in the current economy.” The Society of Industrial and Office Realtors is one of the leading professional of- fice and industrial real estate association. SIOR represents today’s most knowledgeable, experienced, and success- ful commercial real estate brokerage specialists. Those who have earned the SIOR designation are recognized as the most capable and experi- enced brokerage practitioners in any market. n Technology Park”). The Com- pany expects to deliver the building before the end of the third quarter in 2017. Including this transac- tion, the Company has completed 786,000 s/f of de- velopment leasing, modestly exceeding its annual goal of 700,000 s/f. n
in Manassas for $3.6 million that is slated to become the home of a large data center. Both transactions represent the moving and transportation company’s initiative to align its real estate portfolio with its growing business. “Paxton, a premier moving and storage company, came to us with the need for additional space to support their grow- ing business. I am pleased we were able to help them secure the additional square footage required to continue servicing their clients,” said FitzGerald. “First Potomac is pleased to have Paxton Van Lines ex- tend and expand their lease at Plaza 500, now becoming the largest tenant at the property.
Plaza 500
DRE’s Richmond office leases 35,457 s/f of new and renewed commercial space in VA
Henry Hanna attends Society of Industrial & Office Realtors event
SALISBURY, MD — SVN | Miller Commercial Real Estate senior advisor Hen-
Services family of compa- nies provides pediatric skilled nursing, therapy, develop- mental services, and home medical solutions, including enteral nutrition, respira- tory, specialty pharmacy, and medical supplies to medically fragile children across the United States. DRE’s Steven Lindsay and John Madures represented both the tenant and the landlord, Midlothian Partners of Virginia LLC, in the lease negotiations. Materials Software Systems leased 967 s/f of office space in Fountain Park, as well. Ma- terials Software System Inc. (MSSI) is a global information technology (IT) services com- pany providing IT consulting, technology and outsourcing services. Lindsay and Madu- res represented the landlord in the lease negotiations. Bookbinders extended its lease for 8,115 s/f of retail space in the Divaris-leased Phillip Morris Building at 2306 East Cary St. in Rich- mond. The family-owned steak and seafood restaurant is joined by Meridien Energy, H&L Partners and Native Collab in the building. DRE’s Read Goode represented the tenant while Brett McNamee and Ali Newton of Divaris
handled the lease negotiations on behalf of the landlord, F.C. Phillip Morris, LP. ProNails renewed its lease for 1,800 s/f of retail space in the Divaris-leased Waynes- boro Town Center located at 740 Town Center Dr. in Waynesboro, VA. The nail salon is joined by Target, Bed Bath & Beyond, Ross Dress for Less, Michael’s, PetSmart, and Kohl’s in the regional power center. Waynesboro Town Center is situated off I-64 between Charlottesville and I-81. DRE’s McNamee and Newton represented the landlord, Waynesboro Town Center, LLC, in the lease ne- gotiations. Divaris Real Estate, Inc. is headquartered in Virginia Beach, VA with offices in New- port News, Norfolk, Richmond and Roanoke, VA; Charlotte, NC; Beverly Hills, CA; and Washington, DC. Divaris Real Estate and Divaris Property Management Corp. are divi- sions of The Divaris Group, an international real estate brokerage and property man- agement company that cur- rently manages and/or leases in excess of 26 million s/f of prime office, retail and indus- trial space fromNew Jersey to Florida. n
ry Hanna, C C I M , S I OR r e - c e n t l y a t - tended the So c i e t y o f Industrial & Office Real- tors (SIOR) 2 0 1 6 F a l l
Henry Hanna
World Conference in New York City. The three day con- ference featured a number of breakout sessions, including one with SVN CEO Kevin Maggiacomo focused on Monetizing Diversity. The conference was attended by leading industrial brokers from the largest firms in the US and representatives from 16 countries also attended, proving that internation- MANASSAS, VA — Cor- porate Office Properties Trust (“COPT” or the “Com- pany”) has executed a long- term lease with a subsidiary of an investment- grade For- tune 500 company to deliver a 215,000 s/f shell building on land the Company owns in Manassas (“Bethlehem
COPT commences 215,000 s/f build-to- suit project for tenant in Manassas, VA
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