“Although the pace of foreclosures has slowed significantly over the past year, financial institutions are still in need of professional marketing and sales support to remove certain assets from its balance sheet in a timely fashion,” said Langford.
The assets consisted of 101 Chesapeake Boulevard, a 30,400-square-foot medical office building in Elkton, MD, and 3850 Jermantown Road, a 38,600-square-foot flex/industrial building in Fairfax, VA.
NovaLabs, a non-profit group which provides education and community-based services including youth programs, acquired 3850 Jermantown Road and intends to retrofit the building into a makerspace facility. John Sabo of Berkshire Hathaway Pen Fed Realty, LLC, represented NovaLabs.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.