Mid-Atlantic Regional Digest (7/6/01): Prime REIT looking to sell 6 malls

ROI-NJcom Penwood Real Estate Investment Management has paid $60 million, or $21768/sf, for a 275,631-square-foot warehouse property in Bordentown, NJ, which is about 35 miles northeast of Philadelphia The Hartford, Conn, investment manager bought...

Real Estate Weekly Sentinel Real Estate Corp has purchased two Philadelphia apartment properties with a total of 213 units for an undisclosed price JLL Capital Markets represented the seller, a partnership of Barings Real Estate and MR Realty The...

Commercial Observer Grosvenor has acquired Grosvenor Tower, a 237-unit apartment building in Bethesda, Md, for $95 million, or $400,843/unit AvalonBay Communities, an Arlington, Va, multifamily REIT, sold the property, which was built in 1997 and...

REBusiness Online Carter Funds has paid $929 million, or $286,728/unit, for Riverstone at Owings Mills, a 324-unit apartment property in Owings Mills, Md Continental Realty Corp sold the 10-building property, which the Baltimore company had...

Commercial Observer Dantes Community Partners has paid $139 million, or $191,197/unit, for the 727-unit Verona at Landover Hills apartment property in the Washington, DC, suburb of Landover, Md The Washington, DC, investment manager bought the...

Multi-Housing News Post Brothers Apartments has sold Hamilton Court, a 295-bed student-housing property in Philadelphia, for $87 million, or $844,660/unit The buyer wasn’t disclosed Post, of Philadelphia, had bought the 103-unit property in...

Commercial Observer Altus Realty has paid $255 million, or $283,333/sf, for the two-building Research Square office property in Rockville, Md Westat, a Rockville employee-research company, sold the 90,000-square-foot property and was represented in...

Commercial Observer Klein Enterprises has purchased a portfolio of nine grocery-anchored shopping centers totaling 800,000 square feet for more than $130 million, or about $1625/sf The Baltimore investment manager bought the portfolio from Cedar...

Richmond BizSense An affiliate of Woodbranch Investments Corp has bought Gateway Plaza, a 330,309-square-foot office building in downtown Richmond, Va, for $150 million, or about $45412/sf The Houston company purchased the 18-story property from...

Multi-Housing News A venture of Hamilton Zanze and DCA Partners has bought the Residences at Waterstone, a 255-unit multifamily property in Pikesville, Md The seller and purchase price were not known Cushman & Wakefield brokered the deal The...