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Buchanan Partners, a leading real estate development firm headquartered in the Washington, DC region, has teamed with Miami-based real estate investment firm Elion Partners to acquire a 700,000-square foot industrial portfolio in suburban Washington, DC for $81.15 million. The portfolio comprises 14 buildings just off Route 28 in the northern Virginia submarkets of Westfields, Chantilly, and Dulles. The seller was a joint venture of Ares Capital Corporation and Adler Group.
Posted on September 25, 2017 at 3:25pm
The JCR Companies of Washington, DC has acquired Riverton Commons, a 69,496 square foot shopping center in Front Royal, VA, for $17,722,000. The seller, EDENS, was represented by CBRE; First Virginia Community Bank provided financing.
Riverton Commons is located on about 13 acres at the highly traveled intersection of Interstate 66 and US Route 522. It is part of a 500,000 SF regional shopping center anchored by a 201,000 SF Walmart Supercenter and a 134,000 SF Lowe’s Home Improvement…Continue
Posted on September 25, 2017 at 2:26pm
Washington REIT (Washington Real Estate Investment Trust – NYSE: WRE) has broken ground for The Trove, a new 401-unit trend-setting apartment community in the close-in Columbia Pike corridor of Arlington, VA. Three new seven-story buildings offering stellar amenities are scheduled to start delivering in 2019.
The Trove is designed to provide the convenience of comparable apartment communities, but with more amenities and at a lower price point. Residents will enjoy a rooftop deck…Continue
Posted on August 23, 2017 at 4:34pm
StoneBridge Investments of Washington, DC has acquired Veridian at Sandy Springs, a 272-unit apartment community in the greater Atlanta submarket of Sandy Springs, for $32 million. The seller, a fund managed by Covenant Capital Group, LLC, was represented by Mike Kemether and Travis Presnell of Cushman & Wakefield. Elliott Throne, Gregg Shapiro, and Ware Shipman of HFF secured acquisition financing through a Freddie Mac loan.
Built in 1980 and extensively renovated, Veridian is…Continue
Posted on August 14, 2017 at 12:46pm
Washington REIT (Washington Real Estate Investment Trust – NYSE: WRE) has leased a full floor (13,000 square feet) at the historic Army Navy Building in the heart of Washington, DC to a major national nonprofit organization. The 109,000 SF LEED Gold certified building is now 71 percent leased to a variety of prestigious tenants.
At the same time, Washington REIT is completing a thoughtful $4 million renovation that has created a VIP tenant amenity in previously under-utilized space.…Continue
Posted on August 7, 2017 at 2:36pm