Mid Atlantic Real Estate Journal — August 16 - 29, 2013 — A
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Melnick & Merkert, SIOR coordinate Baltimore disposition totaling $2.365m on behalf of the seller Cushman & Wakefield sells 101,596 s/f Rivers Business Commons in Columbia, Maryland
C
olumbia, MD — Cushman & Wake- field of Maryland,
Inc. has arranged the sale of Rivers Business Commons, located at 8945-8975 Guilford Rd. in Columbia, to Fernau LeBlanc Investment Part- ners. Cushman &Wakefield’s capital markets team of Cris- topher Abramson, Brian Kruger, Nicholas Signor and Jonathon Chalkley coordinated the disposition of Rivers Business Commons on behalf of the seller, an affili- ate of Greenfield Partners. Rivers Business Commons is a 101,596 s/f, four-build- ing office portfolio of single and two-story assets. The portfolio features class A office space in a landscaped campus in the heart of the Baltimore-Washington Cor- ridor, equidistant to both Washington D.C. and Balti- more. “This transaction rewards the seller for the lease-up realized since their purchase and the institutional mainte- nance of a quality asset,” said Abramson. “The buyer has WASHINGTON, DC — Marcus & Millichap Real Estate Investment Servic- es , one of the nation’s largest real estate investment ser- vices firms, has announced the sale of 740 6th Street, NW, a 12,130 s/f mixed-use property located in Washington, DC, according to Bryn Merrey , regional manager of the firm’s Washington, D.C. office. Stacey Milam and Peggy Brooks Smith , investment specialists in Marcus & Mil- lichap’s Washington, D.C. of- fice, had the listing to market the property on behalf of the seller, a family partnership whose original ownership dates back to the early 1900’s. The buyer was secured and represented by Brooks Smith and Milam. 740 6th Street NW in Wash- ington, D.C., has nine rental units comprised of restaurants
Rivers Business Commons
2811 Lord Baltimore Drive Photo courtesy of CoStar
acquired a very well located property with excellent ten- ancy and great term.” The property’s new own- ership, Fernau LeBlanc Investment Partners , is a Washington, D.C.-based real estate owner and operator, focused on achieving attrac- tive risk-adjusted returns by investing in industrial prop- erties and flex/single-story office buildings. Cushman &Wakefield sold
2811 Lord Baltimore Dr. in Woodlawn to Concrete Pro- tection and Restoration for $2.365 million. The buyer plans to occupy a portion of the building. Matt Melnick and Hayes Merkert, SIOR with Cushman & Wakefield coordinated the disposition on behalf of the seller, Tra- son-NewYork, LLC, a private investor. Bob Oare and Andrew McIlvaine with Cassidy Turley represented
the buyer. 2811 Lord Baltimore Dr. is a three-story, 22,785 s/f office building located on 2.6 acres within the Rutherford Busi- ness Center, a hub for federal government headquarters, government contractors and business services including the Social Security Admin- istration and the Center for Medicare and Medicaid Ser- vices. The property is strate- gically located in one of three
Baltimore County Enterprise Zones at the intersection of Lord Baltimore Dr. and Windsor Boulevard offering convenient access to I-695, I-95, I-70, I-795, and I-83. The new owner-occupier, Concrete Protection & Res- toration, Inc., supplies the commercial, industrial and public markets with compre- hensive concrete repair and protection and a wide variety of construction services. n
Marcus & Millichap Washington, DC office brokers two sales
740 6th Street, NW
740 6th Street, NW
on the first and part of the sec- ond floors and office tenants on the balance of the second and upper floors. The property is located on the same block as the Verizon Center with en- trances to 2 Metro stops. In a separate transaction,
Marcus&Millichapannounced the sale of 1639 WisconsinAve NW, a 2,400 s/f retail property located in Washington, DC, according to Josh Feldman , senior associate in the firm’s Washington, D.C. office. The asset sold for $1.2 million.
Feldman, an investment specialist in Marcus & Mil- lichap’s Washington, D.C. of- fice, had the listing to market the property on behalf of the seller, a private investor. The buyer, a private inves- tor, was secured and repre-
sented by Feldman. 1639 Wisconsin Avenue NW in Washington, DC was for- merly operating as the Bookh- ill Bistro. The new owner has recently signed a lease with a local restaurateur who should be opening shortly. n
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