Mid-Atlantic Digest (5/14/02): Town and Country Extends Credit for Acquisitions

Philadelphia Business Journal The $3736 million loan against the 463,988-square-foot office building at One South Broad St in Philadelphia has been extended through September 2025 The loan, securitized through JPMorgan Chase Commercial Mortgage...

REBusiness Online Arlington Partnership for Affordable Housing has bought the 176-unit Falkland Chase apartment property at 8305 16th St in Silver Spring, Md The nonprofit developer purchased the property from JBG Smith of Chevy Chase, Md, and plans...

BisNow CareFirst BlueCross BlueShield has reduced the space it leases at the 840 First St NE office building in Washington, DC, by 140,000 square feet to 62,000 sf The 245,000-sf building in the city’s north of Massachusetts Avenue, or NoMA...

REBusiness Online A venture of Greek Real Estate Partners and Principal Asset Management has completed construction of the Langhorne Logistics Center, a 210,564-square-foot industrial facility in the Philadelphia suburb of Langhorne, Pa The property...

Washington Business Journal TF Cornerstone Inc has paid $251 million, or $10040/sf, for the 250,000-square-foot office building at 1881 Campus Commons Drive in Reston, Va The property is next to the 1900 and 1902 Campus Commons Drive office...

Philadelphia Business Journal Bristol Group is planning to develop a 261,000-square-foot warehouse at the Philadelphia International Airport The San Francisco company will construct the industrial property on a vacant 168-acre parcel on the...

BisNow Penzance has paid $25 million, or $10417/sf, for Ballston One, a 240,000-square-foot office building in Arlington, Va The Washington, DC, real estate firm acquired the property from UBS Realty Investors, which was represented in the deal by...

REBusiness Online Core Spaces has opened Hub College Park, a 161-unit student-housing property near the main campus of the University of Maryland in College Park, Md The property, at 4210 Knox Road, has units with up to five bedrooms each Amenities...

Philadelphia Business Journal KPMG is vacating the 134,000 square feet of office space it occupies at 1601 Market St in Philadelphia The accounting firm’s lease at the property expires at the end of next June It is relocating offices to the...

BisNow A venture of Madison Marquette and Highland Square Holdings has paid $70 million, or $22222/sf, for the 315,000-square-foot office building at 725 12th St NW in downtown Washington, DC It bought the property from Allianz Real Estate, which...