Two Washington, D.C., Firms to Lease 500,000 SF in City’s Southwest Neighborhood

Bisnow Bank of America has provided $69 million of construction financing against a 198-unit apartment project in Bethesda, Md Washington Property Co, a Bethesda real estate company, is developing the 22-story property and plans to break ground on...

Commercial Observer Opal Holdings has paid $553 million, or $21309/sf, for the CGI Building, a 259,511-square-foot office property in Fairfax, Va The New York investor bought the property from PGIM Real Estate, which had acquired it in 2006 for $687...

Commercial Observer PMC Property Group has secured $155 million of financing against the 331-unit Riverwalk apartment project in Philadelphia New York Community Bank provided the loan, which has a 10-year term and a coupon of less than 3 percent...

Philadelphia Business Journal A venture of Ajax Advisors and Brickman Associates has paid $335 million, or about $7371/sf, for the 454,456-square-foot industrial building at 11200 Roosevelt Blvd in Northeast Philadelphia Ivy Realty of Greenwich,...

Philadelphia Business Journal GlaxoSmithKline plans on vacating the 207,779-square-foot office building at 4411 South Broad St that it fully leases in Philadelphia The pharmaceuticals company will occupy 46,000 sf at the FMC Tower, at 2929 Walnut...

Commercial Observer Gibson, Dunn & Crutcher has signed a 16-year lease for 163,750 square feet at 17xM, a 330,000-sf office project in Washington, DC The law firm will anchor the development, at 1700 M St, which is expected to break ground later...

Baltimore Business Journal An undisclosed local developer has proposed building a 135-unit apartment property in Baltimore The development site, at 401 West 26th St, currently is home to an auto repair shop The developer hopes to break ground on the...

Philadelphia Business Journal Faropoint has paid $75 million for 19 industrial buildings with a combined 904,000 square feet in Philadelphia and its suburbs The portfolio includes 900 Kennedy Blvd, with 42,000 sf in Somerdale, NJ; 7746 Dungan Road,...

Bisnow The US Securities and Exchange Commission has signed a lease for 12 million square feet of headquarters space at 60 New York Ave NE, which currently is under construction in Washington, DC The agency plans on relocating operations from its...

Philadelphia Business Journal Target Corp has fully leased a 331,428-square-foot warehouse that is under development in the Philadelphia suburb of King of Prussia, Pa Novaya Real Estate is constructing the property and expects to complete it by the...