6A — June 8 - 21, 2018 — DelMarVa — M id A tlantic

Real Estate Journal


D el M ar V a

A S H I NGTON , DC — Morning Calm Manage- Previously underperforming investments acquired by firm quickly gaining momentum Morning Calm Management signs 110,000 s/f across two of its DC area properties W fice Plus, Inc.

“The market has responded well to our operating approach since we first entered the re- gional marketplace less than two years ago,” said Mukang Cho , CEO and managing principal at Morning Calm. “Our goal now is to complete the repositioning of these assets while continuing to provide first-class service to our tenants and implement the planned capital improve- ments.” In February, Morning Calm purchased 500 E. Pratt from TIER REIT, Inc. of Dallas, TX for $60 million. The 13-story, 280,000 s/f Class A property, which is the newest office building along Pratt St., in Baltimore’s Inner Harbor, was developed in 2004 by the Trammell Crow Company. At the time of acquisition, 500 E. Pratt was 93 percent occupied by blue chip tenants such as CohnReznick LLP, Saul Ew- ing LLP, Deloitte, JLL, UBS, and McGuire Woods LLP. It is now 95 percent occupied and considered fully stabilized.  Cushman & Wakefield arranges sale of Columbia office/flex building BALTIMORE, MD — Cush- man &Wakefield represented Howard MD Green – New, LLC, in its $5 million sale of The Woods at Broken Land to Brinklow Properties, an af- filiate of AmericanWood Fibers (AWF). Cushman&Wakefield Senior directors Richard Thomas, CCIM , and Matt Melnick represented the seller, along with colleagues Courtenay Jenkins, SIOR , executive director, and Linn Worthing- ton , associate. Allan Riorda of Lee & Associates represented the buyer. AWF will occupy 18,500 s/f in the 38,292 s/f, single-story flex building at 9740 Patuxent Woods Dr. in Columbia, MD. Chesapeake Lighting occupies 13,000 s/f at the building, as well, leaving 6,000 s/f remain- ing to lease. “This property created a unique investment opportu- nity for Brinklow and AWF,” Melnick said. “Here, they can be owner/occupiers while also having the benefit of a long- term, creditworthy tenant like Chesapeake Lighting at the building.” 

ment (Morning Calm) , the real estate investment and management owner of Green- belt’s Capital Office Park and Landover’s Metro Plex I & II, signed 110,000 s/f of leases at these properties over the past six months. The largest leases were at Capital Office Park – with a 21,243 s/f expansion and renewal for Joseph, Green- wald & Laake, P.A.; 10,690 s/f for new tenant Cipriani & Werner, P.C.; and, a 9,908 s/f expansion and renewal for Of-

Capital Office Park

Metro Plex I

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