22A — February 10 - 23, 2017 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal
Former child care center inventory goes to auction
ew York, NY — Kev in Ma l oney , founder & principal Midtown Crossing, in Charlotte, NC totals 122,830 s/f PropertyMarkets Group sells shopping center for $30m N
of New York City based Prop- erty Markets Group sold Midtown Crossing, the retail complex the company owned in Charlotte, North Carolina, for $30 million. Anchored by BJ’s and PET- CO, the 122,830 s/f commer- cial property was purchased by PMG in 2015 and sold at the end of 2016 to Bluejay Capital Management , a real estate management and investment company with an impressive portfolio of retail properties across the country. Located nearby some of Charlotte’s most important economic drivers, Midtown Crossing is strategically sited near Central Piedmont Com- munity College, the Caroli- nas Medical Center, Novant Washington, DC — Trammell Crow Company and joint venture partners, Cottonwood Partners and a subsidiary of a private real estate fund advised by Crow Holdings Capital – Real Estate , have signed its second long-term lease for 164,110 s/f with the Depart- ment of General Services (“DGS”) of the District of Co- lumbia for occupancy by the Office of State Superinten- dent of Education (“OSSE”) and Department of Insur- ance, Securities and Banking (“DISB”) at Sentinel Square II, located at 1050 First St., NE inWashington, DC. These tenants will occupy most of the first through eighth floors of the building by November 2017.
The Learning Center
Midtown Crossing
Hagerstown, MD — The Learning Center in Hag- erstown, MD, closed its doors in 2016 after many years of service to the local commu- nity. Owned and operated by Meritus Health, the Learn- ing Center was originally established in the old Surrey School as a child care option for employees at the former Washington County Hospital. The 16,000 s/f building housed the child care center since its start and promoted the growth and development of hundreds of infants and toddlers from the community with rich early learning experiences in a warm environment of respon- sive care. Matthew Hurley of Hur- ley Auctions in Greencastle, PA was asked to undertake
this large scale auction of the complete contents of the multi- story child care facility with over 500 lots and thousands of items of children’s educa- tional equipment, outdoor equipment, furniture and more. Meritus Health will also be selling excess commercial kitchen and restaurantequip- ment and supplies within the same sale. The auction is open to the general public and is currently taking place online now through February 15. Pre- view of the items are available on Feb. 13, 2017, from 12noon to 5pm, at the Learning Center location at 535 Summit Ave., Hagerstown, MD 21740. For more information, contact Hurley Auctions at 866-424- 3337 or visit www.hurleyauc- tions.com. n Solak has more than 30 years of experience in health- care capital facilities develop- ment, design and construction management including lead- ing facilities operations, cer- tificate of need, site selection, financial feasibility, zoning and project implementation. “Mike’s clients consider him a trusted advisor because of his combination of industry knowledge and experience and his strong focus on client ser- vice,” said Nancy Connolly , Hammes Company’s senior vice president for the firm’s Eastern region operations. “We are pleased to have him back on the Hammes team.” Before joining Hammes Company, Solak served as senior vice president of health- care at Colliers-International. He also served as Vice Presi- dent of Facilities for HCA Portsmouth Regional Hospital for nearly 20 years. n ment, building, leasing and property management,” said Solak. “I’m pleased to be part of a team that can offer such comprehensive services to our clients.”
Health Presbyterian Medical Center and less than a mile from the homes of Bank Amer- ica, Duke Energy, Wells Fargo and the Nascar Hall of Fame. “We bought Midtown Cross- ing because of its solid resi- dential population and its long term tenants, the brand- name retailers serving Char- lotte’s up-and-comingMidtown neighborhood,” said Maloney.
“When Blujay came calling, we took advantage of their strong offer and decided to sell,” he added. PMG was founded by Kevin Maloney in 1991, and is a pre- mier real estate investment, development and general construction firm. The com- pany is headquartered in New York with offices inMiami and Chicago. n of the District government to the building. Sentinel Square II, part of the partnership’s 1.3 million s/f, multi-phase, class A office development located in the heart of Washington, DC’s popular NoMa submarket, features 280,000 s/f. The building is designed to meet Level IV security protocols and is LEED Silver. Sheryl Ellison Ponds and Robert Cooper of DGS and Bill Quinby , Tim Foley and David Cornbrooks of Savills Studley represented the tenant in the transaction. Sentinel Square II is part of Trammell Crow Company’s larger “highly secure, en- vironmentally friendly, ef- ficient and affordable” office development program. n
trammell crow company signs 164,110 square foot lease at sentinel square ii
Hammes Company hires regional VP in the Northeast, expands capabilities
BOSTON, MA — Hammes Company has appointed Michael Solak as the re-
Sentinel Square II
“This transaction culmi- nates nearly 750,000 s/f of leasing in our Sentinel Square development in 4Q16 and, along with last month’s Federal Election Commission deal, brings Sentinel Square II to nearly 95% leased,” said Thomas Finan , a managing director in Trammell Crow Company’s MidAtlantic of- fice. “We are pleased to wel- come these critical elements notable individuals to receive the Queens Stars Under 40 Award at a gala reception with nearly 500 guests on January 26, 2017 at Terrace on the Park in Queens, NY. Special guests attending the award event included US Congress- man Joseph Crowley and New York State Assembly- man David Weprin. The Stars Under 40 Award recognizes outstanding young leaders from the business, non-profit and government sectors under 40 years of age whose efforts
gional vice president out of the firm’s Boston office. S o l a k i s r e t u r n i n g to Hammes C o m p a n y to assume a l eade r sh i p
Michael Solak
role that will capitalize on his depth and breadth of experi- ence within the healthcare industry. He will be the opera- tions lead in New England and will be working closely with the Washington, DC office in expanding Hammes’ footprint in New England. Solak is cur- rently working with Eastern Maine Medical Center on the completion of their $180 mil- lion expansion and renovation in Bangor. “Hammes Company’s plat- form is unique because it can assist healthcare orga- nizations in every aspect of their capital project and real estate needs; from planning, to financing, design manage-
Crystal Windows’ manager one of Queens Stars Under 40 QUEENS, NY — The New York City business commu- nity continues to recognize are having a positive impact on the economy and quality of life in New York City’s second most populous borough.
the achieve- ment s and promi se o f C r y s t a l Window & Door Sys - t ems a n d i ts manag- e r s . R e - cently Les-
“I am very honored to receive this recognition,” said Hong. “Working at Crystal, where employees are encouraged to seize opportunities to develop proficiency and managerial skills, has allowed me to grow professionally as rapidly as the company has. I thank Crystal’s leaders and my fel- low co-workers at Crystal Win- dows who have been so very
Lester Hong
ter Hong , the company’s Logistics and After Service Manager, was one of several
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