Subject: Mid-Atlantic Regional Digest (MADIG)

Commercial Property Executive Empire Realty Investments Inc. has sold the 109,057-square-foot Bensalem Shopping Center in suburban Philadelphia for $20.1 million, or $184.31/sf. The price results in a 6.41% capitalization rate. The sale was arranged by JLL Capital Markets, which also ...

BisNow Onward Investors has paid $54 million, or $240/sf, for the 225,000-square-foot office property at 100 M St. NE in the Navy Yard section of Washington, D.C. The Minnetonka, Minn., investor bought the 17-year-old building from a venture of Lionstone ...

BisNow Cirro Global has signed a lease for 517,641 square feet at the 15 million-sf Keystone Trade Center industrial complex in Fairless Hills, Pa. The property is owned by Northpoint Development of Kansas City, Mo., which was represented in the lease ...

BisNow Columbia Sussex Corp. has been identified as the buyer of the 410-room Westin Washington, D.C., City Center hotel. The Crestview Hills, Ky., investor paid $92 million, or $224,390/room, for the hotel at 1400 M St. NW. DiamondRock Hospitality sold ...

Commercial Observer West End Capital Group has paid $56.8 million, or $175,308/unit, for the 324-unit Barracks West Apartments & Townhomes in Charlottesville, Va. The Washington, D.C., investor acquired the property from Goldstar Group of Bethesda, Md., which had paid $44.9 ...

Philadelphia Business Journal Fundamental Income has paid $41 million, or $170.12/sf, for the 241,000-square-foot cold-storage warehouse at 2701 Red Lion Road in Northeast Philadelphia. The Phoenix investment manager bought the property from Quaker Valley Foods of Philadelphia, which is leasing ...

Washington Business Journal GSK PLC will vacate the 635,058-square-foot life-sciences building at 14200 Shady Grove Road in Rockville, Md., when its lease matures next year. The drug giant assumed the lease in 2012 through its acquisition of Human Genome Sciences. ...

Washington Business Journal Melrose Solomon Enterprises has paid $38.85 million, or $213.46/sf, for Tavern Square, a 182,000-square-foot mixed-use property at 411 King St. in Alexandria, Va. The Tenafly, N.J., investor bought the four-building property from a venture of Westport Capital Partners ...

Washington Business Journal Freshfields has signed a lease for 117,000 square feet of space at the Midtown Center office complex in Washington, D.C. It will be relocating from the 52,000 sf it occupies at 700 13th St. NW. The law ...

ConnectCRE First Citizens Bank has provided a $47.7 million loan against the 129-unit Aspen College Park student-housing property in College Park, Md. The property, at 4205 and 4206 Knox Road, was built two years ago next to the University of ...