Subject: Mid-Atlantic Regional Digest (MADIG)

Philadelphia Business Journal The Eastern Atlantic State Regional Council of Carpenters has paid $52 million, or $250.26/sf, for the 207,770-square-foot office property at 5 Crescent Drive and 4411 South Broad St. in Philadelphia's Navy Yard Corporate Center. The property was ...

Commercial Observer DPR Construction has leased 202,600 square feet at the 548,000-sf Northlake II industrial property at Harley Club Drive in Ashland, Va. The general contractor will occupy Building D in the four-building complex, which is owned by Matan Cos. ...

Triangle Business Journal Bell Partners Inc. has bought the Pallas at Pike & Rose, a 319-unit apartment building in North Bethesda, Md., for $125 million, or $391,850/unit. The Greensboro, N.C., company purchased the 19-story property from Federal Realty Investment Trust, ...

Commercial Observer Pacific Urban Investors has paid $114 million, or $400,000/unit, for the 285-unit Park Place at Van Dorn apartment property in the Washington, D.C., suburb of Alexandria, Va. The Palo Alto, Calif., investor acquired the property, at 6001 Archstone ...

Philadelphia Inquirer The former Franklin Mills Mall has been placed on the sales block through JLL Capital Markets. The move is not surprising as the property's owner, Simon Property Group, placed the 1.58 million-square-foot shopping mall in its "other properties" category ...

Commercial Observer A venture of Sterling Investors and Simpson Housing has purchased the 508-unit Signature at Reston apartment property in the Washington, D.C., suburb of Reston, Va., from BXP Inc. The venture is said to have paid about $240 million, ...

Commercial Property Executive LaSalle Investment Management has bought AXIAL Gateway 95, a 505,068-square-foot industrial property in Colonial Heights, Va., for $70.5 million, or $139.59/sf. The Chicago company purchased the warehouse from Crescent Communities of Charlotte, N.C., in a deal brokered by ...

Commercial Observer A venture of Conserve Holdings and Calibogue Capital has paid $45 million, or $200,892/unit, for the 224-unit Sphere apartment property in Richmond, Va. The venture acquired the property from MVP Equities of McLean, Va. Greystone provided a $28.9 ...

Commercial Observer Newmark has provided $67.5 million of Fannie Mae financing against the 386-unit Rockwell at Crown apartment property at 800 Rockwell Ave. in the Washington, D.C., suburb of Gaithersburg, Md. The property is owned by Sentinel Real Estate, which ...

Commercial Observer Friedman Capital has paid $60 million, or $392,156/room, for the 153-room Capitol Hill Hotel at 200 C St. NE in Washington, D.C. The Washington, D.C., investor acquired the property from TPG Real Estate, which purchased it in 2021 for ...