Create buzz and develop your relationships
— 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
Pennsylvania-based 5 Cap Realty LLC (5 Cap) and its affiliate RREIC Advisors has teamed with a private equity fund vehicle managed by JMP Asset Management LLC, an affiliate of publicly traded JMP Group LLC, to launch a multi-year national investment venture that could top $1 billion in assets under management. The venture will focus on acquiring and operating value-add multifamily assets that can be renovated, leased, and managed to create superior risk-adjusted returns.
Posted on June 23, 2017 at 2:06pm
The long-awaited opening of acclaimed True Food Kitchen in Bethesda, MD is scheduled for Wednesday, June 14, 2017. This sophisticated, healthy dining concept will occupy the entire 6,400 square foot retail space in Washington Property Company’s Solaire Bethesda luxury apartment community, which delivered in late 2016 and has been leasing rapidly.
The Bethesda location will be True Food Kitchen’s second in the Washington, DC metropolitan area, following the successful 2014 launch in…Continue
Posted on April 17, 2017 at 5:30pm
Washington Property Company (WPC) of Bethesda, MD has acquired two office buildings in the Maryland and Virginia suburbs of Washington, DC for a total of $7.96 million. These acquisitions – one in Montgomery County, MD and the other in Fairfax County, VA - represent deep-value opportunities from motivated sellers.
Computer Science Corporation (CSC) sold WPC a 116,000 square foot office building located at 3160 Fairview Park Boulevard just off I-495 in Fairfax County, VA, for $7.150…Continue
Posted on March 31, 2017 at 2:08pm