June 30, 2003 Wells Real Estate Investment Trust Inc. has acquired Sunset Corporate Plaza I & II, a 141,000-square-foot office complex in Reston, Va.The Atlanta-based REIT paid Principal Capital Management $29.25 million, or about $207/sf, for the Class-A property, which ...
June 27, 2003 The Virginian-PilotSunTrust Bank is moving its regional headquarters to 150 W. Main, a 20-story office tower that Robinson Development Group developed a year ago in downtown Norfolk, Va. The bank is taking 53,000 square feet and putting ...
June 27, 2003 A joint venture between Norwalk, Conn.-based HEI Hospitality and Prudential Real Estate Investors has acquired the Sheraton Crystal City in Arlington, Va., from Virginia-based Arltec Inc.The purchase price for the 205-room hotel was in the mid $20 ...
June 25, 2003 Phillips Realty Capital has arranged $125.5 million in loans for six suburban Washington, D.C., neighborhood retail centers.The Bethesda, Md., company arranged:– $15 million of long-term debt for Georgetown Square, a 120,000-square-foot shopping center in Bethesda, Md., anchored ...
June 23, 2003 The Virginian Pilot, June 21A The owners of Pembroke Office Park, a complex of six low-rise buildings across Independence Boulevard from Pembroke Mall in downtown Virginia Beach, are planning to add a 10- to 12-story office tower. ...
June 23, 2003 Washington Business JournalThe Missile Defense Agency is said to have zeroed in on a contract to lease 144,000 square feet in a Baileys Crossroads office building. The agency, formerly known as Ballistic Missile Defense Organization, will move ...
The bankrupt telecommunications firm has inked a deal to sell its former Pentagon City office complex to Jamestown for $133.4 million. But the German-backed real estate firm could still be outbid in an upcoming auction.
The REIT plans to invest more than $25 million in the property to complete a golf course expansion and to upgrade the hotel, and it may refinance the property as early as February.
June 6, 2003 Prudential Mortgage Capital Co. has provided $23.5 million of Fannie Mae financing for an apartment complex outside of Washington, D.C.The lender provided the 10-year loan for Fairfax Square Apartments, a 502-unit garden apartment and townhouse development in ...
June 3, 2003 Corporate Office Properties Trust (NYSE:OFC) has completed its $71.2 million acquisition of 13200 Woodland Park Drive, a 404,665-square-foot Class-A office building in Herndon, Va.The property is within the Woodlands Office Park at the Centreville Road exit of ...
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