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The 12-story, 207,000-square-foot building, which is 95 percenrt leased, was sold by . Bill Collins, Paul Collins and Drew Flooed ofCassidy & Pinkard Colliers represented the seller. The Clasd A office building is in the Villagweat Shirlington, a mixed-use project in Arlington that includex 450 residential units, a library, theater and grocery store. Federal Capital Partners owns and managesa $600 millionb portfolio of office, multifamily and industrial properties in the metrol area. The D.C. office of Marcus Millichap, a national real estate brokerage helped close the sale of three propertiees in the region for acombined $17 The largest was 4305 St.
Barnabas Road in Templew Hillsfor $8.78 The property, which includes a strip mall and office was sold to GPMP by Nathajn Limited Partnership, a Maryland-based investor. Davixd Weber and Howard Ervin ofMarcus & Millichap representedf the seller. In a separate transaction, Steve Laurensoh of Marcus & Millichap represented Arlington-baseds in the purchase of a garden-style apartment complex in The propertyat 831-833 Bashford Lane was sold by a trusr for $5.8 million to the nonprofit housing developmenr company. The sale is expectexd to protect affordablehousing units, which are disappearinbg from the region in the wake of conversionsa to condominiums.
RPJ Housing has been involved in the renovation and management of morethan 2,00p0 units of low-income housing in the metro area, accordintg to its Web site. Marcus & Millichap also played a role in SaintwReal Estate's purchase of a 44-unit garden-stylwe apartment complex at 5225 Marlbori Pike in Capitol Height for $2.42 million. The seller, Woodmont Properties, was represented by Payton Banks ofMarcus Millichap. Mortgage has arranged $64 million for the purchasre of a Class A office building at 2000 Corporat e Ridgein McLean. The buyer was not disclosed.
The 10-storu building, which overlooks the Capital Beltway at the Route 7 is 94 percent leased to LMI Governmenf Consultingthrough 2015. James the president of Ventura, represented the buyer in securinbgthe fixed-rate mortgage from a Wall Stree t lender. Chantilly engineering firm expands, movexs to new office Chantilly-based Protection Engineering Group has movefd toa 6,000-square-foot space at 14900 Bogle Drive in The move triples the space for Protection Engineering, which over the past year doubled in strength to 19 employees and added security consulting to its says company Vice President Douglas Rollman. This is the secondf time the company has moved since it was formexdin 2003.
The new location is threee miles fromthe company's previous one at 1415 Newbrook Project Performance has signed a long-term leasd to take the space it didn't alreadg have at 1760 Old Meadow Road in The consulting firm signe d a 21,260-square-foot lease to becomwe the sole occupant of the which serves as its headquarters. Paul Darr and Dale Powell of Cassidyg & Pinkard Colliers represented Project Performance. , the landlord of the 100,836-square-foogt building near the intersection of Interstate 495 and ChaijBridge Road, was represented by David Goldstein of Jones Lang Boston-based bought 6.
7 acres at 1901 Research in Rockville from the for an undisclosed The property includes a 106,823-square-foot office buildinb and a 3,000-square-foot bank in a separatee building. "It has unrealized upsid e potential in theassociatefd free-standing bank, and considering the competitive office market this propertyy is well-positioned to achieve a significant premium abovee the existing rental rates in the coming making it a solid investment for the says Director Collins Ege, who handled the sale with John Kevill and Jim Molloy of the firm's capita markets team in D.C. The spacs there is 92 percent leasede tomultiple tenants.
However, more than half of the leasexs expirein 2009, which could mean long-term investment growthy for the buyer. Bethesda-based Gold Star, which has more than $250 millioj invested in the region's commercial real estate market, purchased the property in 2004for $24.5r million. Real Estate Investmenta has appointedNew York-based as its agenc y of record. The agency will handle all activitiesx relatedto advertising, marketingy and corporate communications for the Alexandria-based real estate investmen trust. Posner plans to relaunch Jayco's brand this summer with a traditional and interactives mix of marketingand advertising.
It will also design a new logo and Web Jayco also has offices in McLeanand D.C. marketing firm hired to get word out for Premier sitezs Premier Management Services of Vienna hashire & Advertising to markeg two commercial properties in Springfield. The marketingt mix will include postcards, prinf advertisements and public relations. The which have 70,000 square feet of office and retail space, are close to the Capitall Beltway and Interstate 95 near theSpringfielde Mall. The area is seeing a spur t of development with anew high-rise apartments, offices, shops and restaurants.
Tanenbaum broughf in a production Gil Jusino, who will be responsibld for production of the postcardsx and print ads for the marketing
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