20A — September 14 - 27, 2018 — M id A tlantic
Real Estate Journal
D el M ar V a
Slated to be a hotel development site in Buzzard Point Marcus & Millichap brokers sale of 9-property assemblage
ASHINGTON, DC — Marcus & Mil- lichap announced
the sale of a nine-parcel as- semblage slated to be a hotel development site. The total assemblage sold for $10.5 million which equates to $123 per buildable square foot, a record price in the sub- market. The 13,619 s/f site is located at the northwest cor- ner of the intersection of Half Street SW and Q Street SW, which is walking distance to the brand new Audi Field and Nationals Park Christian Barreiro , senior associate and Dennis Crave- di , associate in Marcus & Millichap’s Washington, D.C. office, brokered the sale, which included multiple sellers. The buyer, a partnership between a midwest hotel de- veloper and one of the largest
hotel management companies in the D.C. region, is poised to develop a Cambria Hotel and Suites, a Choice Hotels brand. This will be Cambria’s second location in the District of Columbia. Marty Zupancic , first vice president investments, Josh Feldman , first vice president investments and Ian Ruel, Cooper’s Hawk, which fea- tures a contemporary, up- scale casual dining experi- ence, Napa-style tasting room, and artisanal market, has leased 12,392 s/f of space. Dimitri Georgelakos and Jake Levin , principals at
senior associate in Marcus & Millichap’s Washington, D.C. office also assisted in this transaction. “With the mas- sive amount of current and proposed development in the area, as well as Buzzard Point recently being designated as an Opportunity Zone, we see this as just the beginning for the neighborhood” said Ruel. KLNB, represented the de- veloper, Foulger-Pratt. An- drew Rose of Next Realty and David Orkin of CBRE represented the tenant. Cooper’s Hawk joins 63,000 s/f One Life Fitness and Chick-Fil-A.
ROCKVILLE, MD —Coo- per’s Hawk Winery signed a lease at Foulger-Pratt’s Rockville mixed-use develop- ment Research Row, a joint venture between Foulger- Pratt and the land owner, Alexandria Real Estate . KLNB’s Georgelakos &Levin rep. Foulger-Pratt in 12,392 s/f lease
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