Washington DC & Mid-Atlantic

RailField Partners announced the acquisition of Elme Watkins Mill, a 210-unit garden-style apartment community in Gaithersburg, Maryland. The property has been renamed One80 Watkins Mill, and RailField plans to implement strategic property improvements. Located at 180 Watkins Station Circle, the property was built in 1975 and is situated on more than 11 acres. The community is …

Marcus & Millichap brokered the sale of 4305 Lime Kiln Road, an industrial outdoor storage property in Frederick, Maryland. The asset sold for $7.45 million. “Between the nearby data-center campus being developed and a scarcity of properly zoned outdoor storage sites, there is strong upward pressure on rents, making this a compelling investment opportunity,” said …

The Public Buildings Reform Board has identified several federal properties in the Greater Washington area for potential sale or redevelopment as part of ongoing efforts to shed millions of square feet of underutilized office space nationwide. Specific properties eyed for disposition in the D.C. region include Columbia Plaza, a 713,411-square-foot office building located at 2401 E St. …

Colliers announced a new partnership with the Medical Society of the District of Columbia (MSDC). Together, the organizations will collaborate to directly support the needs of Washington-area physicians. The partnership with Colliers brings specialized expertise as MSDC’s recommended real estate resource, helping doctors navigate office space and practice operations. With a portfolio of medical tenants, …

Baltimore-based Continental Realty Corporation (CRC) has completed an off-market acquisition of a 14-property retail portfolio spanning seven states and encompassing more than two million square feet of retail space from US Properties Group for approximately $200 million. The acquisition includes a mix of retail assets supported by strong market fundamentals and consistent in-place performance. With …

Enterprise Community Development celebrated the grand opening of the newly renovated Park Heights Place, an 84-unit affordable senior housing community located at 5430 Park Heights Avenue in Baltimore City. The celebration marked the completion of a $15.8 million renovation that preserves the community’s long-term affordability. Originally constructed in 1998, Park Heights Place serves older adults …

Rockpoint, LCOR, and Potomac Investment Properties (PIP) announced the formation of a joint venture to acquire an office property in the Georgetown neighborhood of Washington, D.C. and transform it into a multifamily community. The two-building property, located at 1000 and 1050 Thomas Jefferson Street NW, will become a highly amenitized 299-unit residential community with approximately …

Sentinel Real Estate has acquired The Perry, a luxury multifamily community located at 12430 Park Potomac Avenue in Potomac, Maryland, approximately 10 miles northwest of downtown Washington, D.C. Featuring modern construction, spacious floor plans and high-end interior finishes complemented by a comprehensive indoor and outdoor amenities, The Perry is positioned as one of the premier …

KLNB has secured a series of retail lease signings at the Market at Austin Ridge, located at 962 Courthouse Road in Stafford, Virginia. KLNB Principal Dimitri Georgelakos and Veronica Kamara represented the landlord in negotiating long-term leases with Aldi, Texas Roadhouse, Sheetz, and Flagship Carwash. The Market at Austin Ridge occupies a strategic location at the intersection of Courthouse …

Bonaventure announced the groundbreaking of Attain at Greenbrier, a 268-unit multifamily community at 1553 River Birch Run in Chesapeake’s Greenbrier submarket. The $74.5 million project is expected to be completed in late 2027. The site, previously home to a commercial call center, was acquired and rezoned by Bonaventure in 2022 to enable residential density — …

Transwestern has acquired SSH Real Estate, Inc. (SSH), a Philadelphia-based commercial real estate firm that provides property management, brokerage, and investment services. The transaction marks Transwestern’s entry into the Philadelphia market, adding 47 team members and a regional property management portfolio of more than 5 million square feet to the firm’s Mid-Atlantic operations. SSH was …

Alterra IOS announced the closing of a $244 million loan from Blackstone Real Estate Debt Strategies. The initial funding was secured in part by 37 IOS properties spanning 27 markets, with future funding scheduled for upcoming acquisitions. Collectively, the assets total 165 usable acres of IOS real estate and 806,000 square feet of accompanying warehouse …

Arrow Real Estate Advisors arranged a $70.25 million loan on behalf of The Buccini Pollin Group for The Press, a newly delivered luxury multifamily property located at 801 N Orange Street in Downtown Wilmington, Delaware. The financing was arranged by Arrow’s Morris Betesh, Founder and Managing Partner, and Alex Bailkin, Senior Vice President, and provided …

Pearlmark closed on a $70 million senior mortgage investment for the refinance of Tri-State Distribution Center, a 525,000-square-foot cross-docked distribution center at 401 Naamans Road in Claymont, Delaware. JLL Capital Markets arranged the bridge financing for the newly delivered industrial warehouse, working on behalf of the borrower, a joint venture between KPR Centers LLC and PCCP …

Linlo Properties has acquired the seven-story, 91,306-square-foot office building located at 214 Senate Avenue in Camp Hill, Pennsylvania. Situated on 4.44 acres in the heart of the Camp Hill Business District, the property benefits from its prime location bordering Route 15 Bypass and adjacent to Penn State Holy Spirit Hospital. Currently, the West Shore Office …

Stonemont, an Atlanta-based investment firm specializing in industrial real estate, has hired Arman Fashandi as vice president of corporate services, based in Pittsburgh. Fashandi will work to expand Stonemont’s development footprint in the Northeast while also overseeing build-to-suit initiatives and tenant relationships nationwide. Fashandi has over 15 years of experience in ground-up real estate development …

Marcus & Millichap completed the sale of a fully-occupied industrial facility located at 1812-1820 Margaret Avenue in Annapolis, Maryland. The asset sold for $9.125 million. “This well-maintained asset offers tenants a unique mix of warehouse and showroom space not commonly found in the submarket,” said John Faus, director investments in Marcus & Millichap’s Washington, D.C., …