Washington DC & Mid-Atlantic

Hyatt Commercial announced a new lease at 19638 Leitersburg Pike in Hagerstown, Maryland. Staffmark, a national workforce solutions and staffing company, leased approximately 1,400 square feet at the property. Hyatt Commercial brokers Treva Ghattas and Laurie Murphy-Zuiderhof represented the landlord in the transaction. The recently renovated suite features updated finishes and an efficient floor plan …

Colliers facilitated the lease of an 18,567-square-foot, newly renovated office space at 6550 Rock Spring Drive in Bethesda, Maryland, to the Grossberg Company. Colliers’ Nate Crowe and Katie Datin represented the landlord, Rock Spring Properties. Colliers partnered with Rock Spring Properties to deliver a workplace designed to attract and support tenants like the Grossberg Company, …

The Washington Commanders and global design firm HKS are releasing the first renderings of the new stadium’s seating bowl. The design team increased the lower bowl capacity and improved seating angles throughout the stadium. The first row is elevated above the playing surface for unobstructed sightlines over the sideline. The focus on the venue’s inside …

A 269-unit D.C. apartment building at 1499 Massachusetts Ave. NW was acquired by an affiliate of Goldman Sachs & Co. LLC for $147 million. The Goldman Sachs affiliate received a $70 million loan from the New York State Teachers’ Retirement System, reported by the Washington Business Journal. The property, located two blocks east of Scott …

Marcus & Millichap brokered the sale of 6901 Rolling Mill Road, a single-tenant manufacturing facility in Baltimore. The asset sold for $9.96 million. “The property is leased to a subsidiary of a publicly traded company that has operated at the site for more than two decades,” said Merrey, senior managing director of investments in Marcus …

Trout Daniel & Associates (TD&A) announced that Baltimore’s 8 x 10 live music venue has sold. Long-time property owner Dave Rather, along with club operators Brian Shupe and Abigail Janssens, have collaborated to sell the property and business, respectively, to Pennsylvania-based Rising Sun Presents, the live music entertainment group headed up by Chris Perella. Rather …

SRS Real Estate Partners completed the $14.95 million sale of a two-tenant retail property located at 540 Maple Avenue in Vienna, Virginia, about 15 miles from Washington, D.C. Built in 2019 and situated on 1.19 acres, this unique two-story property is fully occupied by Chick-fil-A on the ground floor with a drive-thru. Flagship Carwash is …

BXP announced that TekSynap has signed a long-term lease for a full floor totaling 26,500 square feet at Reston Town Center, BXP’s 5 million square foot mixed-use destination in Northern Virginia. TekSynap is an IT Mission Systems integrator and technology solutions provider serving federal civilian, defense, and intelligence community customers. TekSynap will relocate from its …

JLL has completed the sale of 1676 International Drive and 8260 Greensboro Drive, a 466,230-square-foot office portfolio in Tysons, Virginia. JLL represented the seller in the sale of the property to Cummings Capital Partners and JSB Capital Group and arranged acquisition financing on behalf of the buyers. JLL’s Capital Markets Investment Sales and Advisory team, …

American Real Estate Partners (AREP) and Brookfield Asset Management announced that affiliates of Brookfield have agreed to acquire a minority interest in AREP for an undisclosed amount. The investment brings together AREP’s vertically integrated data center development platform with Brookfield’s global scale, investment capabilities and experience across real estate, energy and infrastructure. The partnership will …

Colliers completed the $12.72 sale of 2501 Grant Avenue, a 119,728-square-foot industrial facility situated on 5.96 acres in Northeast Philadelphia. The property was acquired by 2361-2371 Welsh Acquisitions LLC. Colliers Vice Chair Rich Gorodesky, SIOR, and Vice President Adam Gorodesky, CCIM, represented the seller, Grant Equities LLC, in the disposition. 2501 Grant Avenue is occupied …

Greysteel announced that Bart Tantillo and Christina Trevenen will join the firm’s healthcare investment sales practice as advisors based in Pennsylvania. Tantillo and Trevenen will support sourcing and executing investment sales and capital markets assignments for medical office properties across Pennsylvania. Their addition expands Greysteel’s capacity to advise private, middle-market, and institutional clients on value-creation …

Scope Commercial Real Estate Services, LLC, a commercial real estate brokerage across the Philadelphia region, led by Phil Sharrow, has joined the Horvath & Tremblay platform. The transaction unites SCOPE’s deep-rooted Mid-Atlantic relationships with Horvath & Tremblay’s national platform, expanded service capabilities, and institutional-grade agent resources. The new Horvath & Tremblay Philadelphia office will be located at …

Cinnaire announced the closing of a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund, the second largest investment in the organization’s history. Cinnaire’s Fund for Housing Limited Partnership 45 (Fund 45) will finance the creation and preservation of 2,259 affordable housing units across 27 properties in ten states. Fund 45 will support multifamily housing …

Hanover Company announced the delivery of Savage Road, a 358,234-square-foot industrial development that marks Hanover’s first project in the Lehigh Valley industrial market. The rear-load facility features a 36-foot clear height and 51 dock doors, providing a highly functional design for industrial users. Cushman & Wakefield’s Hunter Kessell, Gerry Blinebury and Collin Potter are overseeing …

Colliers has arranged the sale of a 1.8-acre retail property at 857 N Easton Road in Doylestown, Pennsylvania, from Bergey’s Auto Group to Fred Beans Family of Dealerships. The site will be redeveloped into an approximately 20,000-square-foot Fred Beans Ford Truck Center. Rich Weitzman, a senior vice president in Colliers’ Philadelphia office, handled the full …

U.S. grocer Kroger has reached a $1.65 billion deal to buy regional supermarket chain Giant Eagle, strengthening its presence in the Midwest and the Mid-Atlantic region. The transaction includes $1.25 billion in cash and the assumption of approximately $400 million in outstanding liabilities. Giant Eagle, which is privately held, has 197 supermarkets and 11 standalone …