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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
— Led by the 32,000 square foot lease renewal by longtime Bethesda auctioneer and appraiser Sloans & Kenyon, Washington Property Company (WPC) leased 130,575 square feet of space in nine of its suburban Washington, DC properties during the second quarter of 2017. In addition, several retail leases were negotiated at the company’s recently acquired Ballenger Creek shopping center in Frederick, MD. WPC’s newly inked deals are as follows:
Posted on July 10, 2017 at 9:00pm
The Donaldson Group (TDG) of Rockville, MD and its equity partner, New York-based DRA Advisors LLC (DRA), have acquired
Brinkley Manor Apartments, a 126-unit garden-style apartment community located in Temple Hills, Maryland. The acquisition price was approximately $15.05 million, and the partnership plans to invest additional capital to renovate the property.
Robert LaChapelle and Matthew Forgione of CBRE Debt & Structured Finance assisted the DRA-TDG partnership…Continue
Posted on June 26, 2017 at 4:24pm