Market: Washington DC MSA
Asset Type: Data Center Campus
Buyer: NTT (Abhijit Dubey, CEO, Global)
Seller: Lerner Enterprises
Asset Type: Office Buildings
Seller: JBG Smith (Matt Kelly, CEO)
Buyer: Post Brothers (Michael Pestronk, CEO)
Market: Manassas, VA
Asset Type: Data Center
Buyer: CloudCapital (Hossein Fateh, CEO)
Seller: Corporate Office Properties Trust (Stephen Budorick, CEO)
Notes: CloudCapital, an affiliate of data center developer CloudHQ, has acquired DC-6, a 233,000-square-foot data center in Manassas, Va., for $222.5 million. Corporate Office Properties Trust (COPT), which acquired the property — then known as Power Loft @ Innovation — in 2010 for $115 million, was the seller.
Market: Washington, D.C. (Maryland)
Asset Type: Retail
Buyer: Urban Edge Properties (Jeffrey S. Olson, CEO)
Seller: Heritage Partners (Terry Richardson, CEO)
Major Tenants: Costco (W. Craig Jelinek, CEO), Nordstrom Rack (Erik Nordstrom, CEO), Best Buy (Corie Barry, CEO) & Wegmans (Colleen Wegman, CEO).
Notes: Urban Edge Properties has acquired Woodmore Towne Centre, a grocery-anchored retail center in Glenarden, Md., as well as an adjacent development parcel, for $193.4 million, the company announced. Heritage Partners, which developed the 712,000-square-foot property in 2010, was the seller. Located on 83 acres just nine miles from Washington, D.C., the property is part of a larger 245-acre master planned community encompassing more than 500 recently constructed residences, a limited-service hotel and a new Children’s Medical Center.
Market: McLean, VA
Asset type: Office Campus
Sponsor: Westbrook Partners (Paul Kazilionis, CEO) and American Real Estate Partners (Douglas Fleit, CEO)
Lender: CIM Group (Richard Ressler, Principal and Co-Founder)
Notes: Westbrook Partners and American Real Estate Partners (AREP) have landed a $148 million refinance from CIM Group for Highline at Greensboro District, a 460,851-square-foot, Class A office campus in Tysons Corner, Va.
Asset type: mixed-use redevelopment
Sponsor: Stonebridge (Doug Firstenberg, Kevin Cosimano
Notes: When completed, Oakville Triangle will offer 577 apartments, a 93,000-square-foot Inova HealthPlex, 55,000 square feet of retail, and 84 townhomes built by Tri Pointe Homes in a four-block radius.
Market: Frederick, Maryland
Asset type: Data-Center
Buyer: Quantum Loophole Inc. (Josh Snowhorn) & TPG Real Estate Partners (David Bonderman, Karl Peterson)
Notes: The 2,100-acre property in Frederick County will serve as home to the data center development- the first clean, mass-scale gigawatt data center community.
Asset type: Class A Office Portfolio
Seller: WashREIT (Paul McDermott)
Buyer: Brookfield Asset Management (Bruce Flatt)
Notes: 12-asset, D.C.-region office portfolio, totaling a combined 2.371 million square feet
Market: Sandston, VA
Asset type: Data Center
Seller: QTS Realty Trust (Chad Williams)
Buyer: @blackstone (Stephen A. Schwarzman & Jonathan Gray)
Notes: The firm will acquire QTS Realty Trust in an all-cash transaction that will add 7 million square feet of data centers to its holdings.
Asset type: Office Tower
Buyer: Innovatus Capital Partners- David Schiff, Andrew Dym
Major Tenant(s): @lockheedmartin & @constellis_careers
Notes:The 384,336-square-foot Dulles Executive Plaza features such amenities as a conference center, fitness facility and tenant lounge.
Market: NoMa Submarket
Asset type: Office
Buyer: Boyd Watterson Asset Management
Seller: ASB Real Estate Investments
Tenants: Metropolitan Police Service, Department of Health Services and other District government agencies
Notes: Originally built in 1909 / 55,000-square-foot floor plates and contains two elevator cores / NoMa submarket