4C — March 27 - April 9, 2015 — The Best of 2014 — M id A tlantic
Real Estate Journal
www.marejournal.com
The LARGEST OFFICE SALES of 2014
HFF (Washington DC) PNC Place Washington, DC
NAI Emory Hill 616 N. Glenwood Ave. Smyrna, DE
Patterson Woods Barley Mill Wilmington, DE
Brokers: James Meisel, Stephen C. Conley, Stephen “Dek” Potts, Jr., AndrewWeir, Matthew T. Nicholson Size: 364,502 s/f Record pricing in the DC Metro selling for $1,075 PSF; First TIAA-Norges JV in Washington, DC; This deal punctuated 2014 and the strong wave of foreign capital that has come into the DC market looking to acquire core office. 84% leased to 5 tenants (including PNC Bank, which executed a sale-leaseback) Largest office for law firm Holland & Knight (Dec-25 LED), PNC Bank’s Mid-Atlantic HQs (Dec-29 LED) 2010 constructed, LEED Platinum asset 2 blocks from the White House and within 2 blocks of 2 metro stations (Farragut North & Farragut West).
Broker: Dave Morrison Size: 10,000 s/f
Broker: Tony Bariglio Size: 455,000 s/f
NAI Emory Hill’s Dave Morrison, CCIM, rep- resented the owner in the sale of a 10,000 s/f office building to Smyrna Corporate Kids, LLC for use as a day care center.
Tony Bariglio represented the purchaser, Odyssey Charter School, Inc., in this transaction. The 36 acre, 455,000 s/f office complex is being converted to a school campus.
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Fax 302.622.3535 Wilmington, DE 19807 www.pattersonwoods.com
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