6A — October 21 - November 17, 2022 — DelMarVa — M id A tlantic Real Estate Journal
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D el M ar V a
Class A industrial park located in Manassas, VA Matan breaks ground on 232,000 s/f of spec warehouse
Firm expands portfolio in Virginia FNRP adds Promenade at Manassas in Virginia
REDERICK, MD — Matan Companies has broken ground on two buildings at its latest North - ern Virginia project, Redstone Industrial. The project, which was originally slated for four- buildings before Matan sold the south parcel last Spring, will deliver the newest class A industrial park to Manassas, VA. Located at 11501 Univer - sity Blvd., the 20-acre develop - ment site is ideally situated in the heart of Prince William County’s I-66 corridor near the FBI Headquarters and just off Prince William Parkway. Positioned in the Data Center Overlay District with M-1 zoning, the buildings will offer options to the widest array of users, from data center to bio - tech and all forms of industrial and last mile uses as well. The buildings will feature 32’ clear ceiling heights, tilt- up concrete construction, 50’ x 52’ column spacing, 60’ speed bays, 120’ truck court, along F WASHINGTON, DC — Na - tional interdisciplinary design firm HGA announces it has signed a lease to move its DC Metro region headquarters to the historic Woodies Building at 1025 F Street, NW, in Penn Quarter. HGA is taking 17,000 s/f on the building’s second floor which is located directly above Metrorail’s Metro Cen - ter station. The DC studio offers services in architecture, engineering (MEP, structural, fire protection), interior de - sign, lighting design, and workplace design. “Moving to one of Washing - ton’s quintessential historic buildings in the heart of the city puts us closer to our clients and offers HGA an extremely visible footprint in downtown Washington via our new sec - ond floor storefront,” said Jay Scruggs, principal and office director of HGA in DC. “We look forward to designing a truly HGA environment in this exceptional space that will showcase what we have learned about the post-Covid workplace.” Built in the late 1800’s, the building was home to the Woodward & Lothrop flagship department store, until it closed in the 1990’s. Douglas Development acquired the
Promenade at Manassas
MANASSAS, VA — First National Realty Partners, LLC (FNRP) announced the addition of Promenade at Manassas to its grocery- anchored shopping center port - folio. This 287,000 s/f asset marks the vertically integrated real estate firm’s expansion in Virginia and continues its na - tionwide growth in the open-air retail property sector. The market-dominant cen - ter is anchored by an ap - proximately 107,000 s/f Home Depot, a tenant at the center since it was constructed in 1995, and co-anchored by a new 43,000 s/f local interna - tional grocer, Oh! Market. The Promenade at Manassas tenant roster also features a strong mix of national retail - ers, including Ashley Home Furniture, Planet Fitness, The Tile Shop and Sherwin Williams. The remaining va - cancy in the center provides meaningful upside potential NEW YORK, NY — New- mark Valuation & Advi- sory (V&A) announced that Douglas L. Nickel, MAI, FRICS and Michael Silver- man, MAI, CRE, MRICS have been promoted to lead - ership positions to further strengthen Newmark V&A’s presence in the Mid-Atlantic region. Nickel has been pro - moted to senior managing director and market leader for the District of Columbia, MD, Northern VA and Dela - ware region; and Silverman has been promoted to senior managing director, serving as market co-leader for Eastern PA and Southern NJ, along - side Senior managing direc - tor, Joseph D. Pasquarella, MAI, CRE . Both Nickel and Silverman will report to U.S. Practice Lead, Helene Ja- cobson, MAI, MRICS .
by way of increased occupancy and cash flow. “The purchase aligns with FNRP’s strategic expansion targeting primary and key secondary markets across the country,” said Matt Annibale, senior director of acquisitions. “The property’s unmatched regional location and lineup of traffic-generating, destination tenants allow Promenade at Manassas to benefit from the tremendous demographics of this affluent and densely popu - lated in-fill market.” Promenade at Manassas is located 31 miles west of Wash - ington, DC, at the intersection of I-66 and Sudley Road. It serves a population of nearly 179,000 people, with average household incomes exceeding $122,000, within a five-mile radius of the center. Ryan Sciullo of CBRE represented the seller in the Promenade at Manassas transaction. MAREJ “Both Doug and Michael are highly skilled and knowl - edgeable appraisers who, along with Joe Pasquarella, have spent the last 25+ years helping clients and building strong relationships in the greater Mid-Atlantic region,” said Jacobson. “Their work ethic and expertise have al - lowed them to build com - mendable reputations, and we are thrilled to see them excel in these new Market Leader roles.” Prior to joining Newmark, Nickel worked at Integra Re - alty Resources serving most recently as senior managing director, until joining New - mark in 2017. Prior to joining Newmark, Silverman was a managing director at Integra Realty Resources until joining New - mark in 2017. MAREJ
11501 University Blvd.
with LED lighting and ESFR sprinkler systems. Matan an - ticipates delivering the shell buildings in Late Summer of 2023. “We are very happy to begin construction on these build - ings at a time that we feel is optimal for the submarket. With very few options in both Loudoun and Prince Wil - liam County, these buildings should supply the market renowned landmark, rezoned the property, fully renovated the interior, and restored the facades. The 10-story building, located in the heart of Wash - ington, offers 17-foot ceilings, 11-foot windows, open floor plans, retail and class A office space. “We look forward to be - ing part of the vibrant Penn Quarter neighborhood with its myriad restaurants, entertain - ment venues, and retail offer - ings,” added Bruno Grinwis , principal at HGA in DC. HGA’s completed and cur - rent projects in the greater Washington, DC region in - clude: Workplaces: Cushman & Wakefield’s new DC headquar - ters, AFL-CIO Housing Invest - ment Trust’s DC headquarters, The Salvation Army’s national headquarters in Old Town, Al - exandria, Va., and The Morris and Gwendolyn Cafritz Foun - dation in Washington DC Premier cultural insti- tutions: Capital One Hall corporate events and perform - ing arts center in Tysons, Va., the Northern Virginia Science Center, and Monticello Burial Ground for Enslaved People and Contemplative Site Healthcare facilities: Chil - dren’s National Hospital, Radi -
exactly what it is in need of,” said Brad Benna of the Matan Companies. “Our zon - ing is flexible to allow for just about any use suitable for the 32’ clear product. And while there are economic headwinds out there, early leasing activ - ity for the site has been strong as industrial demand remains strong in the very supply- constrained Washington DC Market.” MAREJ ology Department suites over the past 10+ years Mixed-use: The Parks by JBG Smith, Arlington, Va. Public projects: Lamond- Riggs Library in Washington, D.C., The FBI Central Records Complex in Winchester, Va., and the Arthur J. Altmeyer Building offices for Senior So - cial Security Administration personnel HGA DC is also leading ongoing work for many local higher education institutions including the College of Wil - liam and Mary, University of Virginia, University of Mary Washington, and the Virginia Community College System. HGA was represented by Art Santry, Kurt Richter, Ned Goodwin & Matt Gar- cell of Cushman & Wake- field. Douglas Development worked with Mark Klug, Car- roll Cavanagh, Dimitri Ha- jimihalis, Emily Eppolito of CBRE. The move is expected to take place in October, 2023. A vir - tual walkthrough of the vacant space can be viewed here: HGA Woodies Building Office Space. HGA will maintain a studio in Old Town Alexandria, VA to continue to best serve our long- standing and developing client relationships in VA. MAREJ
HGA relocating to historic Woodies building in Downtown DC’s Penn Quarter
Newmark promotes market leaders in the Mid-Atlantic Region
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