Washington DC & Mid-Atlantic

Sagard Real Estate announced the $91 million acquisition of 7001 Quad Avenue, a 621,144-square-foot distribution facility in Rosedale, Maryland. Located in Baltimore County East, the region’s largest industrial submarket, the asset is fully leased to users across food and beverage distribution and third-party logistics. Built in 2004 on 32 acres, the cross-dock facility is designed …

St. John Properties, Inc. announced the sale of a 13.52-acre parcel to The Home Depot, marking a significant milestone for Lexington Exchange, its 140-acre mixed-use business community in Maryland. St. John Properties’ Alex Lyons, Assistant Vice President, Acquisitions and Bill Holzman, Senior Vice President, Retail, handled negotiations on behalf of the developer, while Greg Ferrante, …

CBRE announced that Anna Wolke (Faktorow) and Stuart Dyer have been promoted to executive vice president within the firm’s Data Center Solutions Group. Based in Northern Virginia, Wolke and Dyer advise developers, investors, institutional owners and occupiers across the U.S. data center sector. Alongside their team, they have played a role in some of the …

PRP Real Assets, a Washington, D.C.–based real estate investment management firm, has acquired 900 19th Street NW, a 116,385-square-foot office tower in the heart of the city’s Central Business District. Positioned at the corner of 19th and Eye Streets, between K Street and Pennsylvania Avenue, the corner building sits three blocks west of the White …

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 …

Marcus & Millichap completed the sale and financing of 1520 S. Caton Ave., a two-building office complex in Baltimore, Maryland. The asset sold for $6.94 million. Marcus & Millichap Capital Corporation (MMCC) secured $6.84 million in financing. “The buyer, a regional aviation services company, intends to partner with a local nonprofit trade school to transform …

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 …

Compass Health Center, a provider of mental healthcare, has signed a lease to occupy 22,203 square feet of space at 3160 Fairview Park Drive in Falls Church, Virginia. The Savills team of Vice Chairman Eric Feinberg, Corporate Managing Director Brandon Nasatir, Managing Director Nick DiChiara, and Executive Vice President Jon Glass represented Compass Health Center …

Greysteel has arranged the sale of the Culpeper Technology Park, a 71-acre data center development site located at 15140 Keyser Road in Culpeper, Virginia. Blue Owl Capital, through its portfolio company Stack Infrastructure, acquired the asset from RACM for $66.35 million. Greysteel Senior Director Zach Benlemlih represented RACM in the transaction. For Greysteel, the closing …

Alterra IOS announced the closing of a $400 million refinancing led by Truist Financial Corp. and KeyBank, supporting the continued expansion of its growing industrial outdoor storage platform. Secured by a portfolio of 99 IOS properties spanning 27 states, the financing was executed utilizing an equity pledge framework in place of traditional asset-level mortgages. The …

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 …

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 …

Savills has represented Lasko Products, Inc. in the sale of its 132,736-square-foot industrial facility located at 525 Mill Street in Columbia, Pennsylvania. Associate Director Michael Styer and Associate Director Jonathan Kays represented Lasko in the transaction. The facility was sold to Kleen-Rite Corp for $8.95 million, equating to $67.50 per square foot. “From day one, …

Basis Investment Group, LLC has provided a $19.95 million bridge loan to refinance the existing debt, support the continued stabilization, and fund remaining tenant-improvement and leasing costs at Wolff Court, a four-story complex in Philadelphia, Pennsylvania. Located at 501 E. Girard Avenue, the property is a mixed-use development built in 2020, containing 71 multifamily units and …

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 …