Federal Capital Partners pays $55M for Shirlington Gateway - Washington Business Journal:

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The 12-story, 207,000-square-foot building, which is 95 percentg leased, was sold by . Bill Paul Collins and Drew Flood of Cassidy Pinkard Colliers representedthe seller. The Classz A office building is in the Villageat Shirlington, a mixed-usr project in Arlington that includes 450 residential units, a library, theater and grocerhy store. Federal Capital Partners owns and managesa $600 millionm portfolio of office, multifamily and industrial properties in the metro The D.C. office of Marcus & Millichap, a nationall real estate brokerage firm, helped closre the sale of three properties in the region for acombinedr $17 million. The largest was 4305 St.
Barnabas Road in Temple Hillwsfor $8.78 million. The property, whichj includes a strip mall and office was sold to GPMP by Nathan Limited a Maryland-based investor. David Weber and Howard Ervin ofMarcuz & Millichap represented the seller. In a separate transaction, Steve Laurensob of Marcus & Millichaop represented Arlington-based in the purchasew of a 32-unit, garden-style apartment complex in The propertyat 831-833 Bashford Lane was sold by a trust for $5.8 million to the nonprofit housing development company. The sale is expecte d to protect affordablehousing units, whicuh are disappearing from the region in the wake of conversiona to condominiums.
RPJ Housing has been involvecd inthe building, renovation and management of more than 2,00 units of low-income housing in the metro according to its Web site. Marcuz & Millichap also played a role in SaintsReal Estate'e purchase of a 44-unit garden-stylew apartment complex at 5225 Marlboro Pike in Capitol Heightsx for $2.42 million. The Woodmont Properties, was representedr by Payton Banks ofMarcues & Millichap. Mortgage has arrange $64 million for the purchaswe of a Class A office building at 2000 Corporatwe Ridgein McLean.
The buyer was not The 10-story building, which overlooks the Capital Beltway at the Rout e7 intersection, is 94 perceng leased to LMI Government Consultinb through 2015. James the president of Ventura, represented the buyere in securingthe fixed-rate mortgage from a Wall Streeg lender. Chantilly engineering firm expands, moves to new officer Chantilly-based Protection Engineering Group has moverd toa 6,000-square-foot space at 14900 Bogle Drive in Chantilly. The move triples the spacwe forProtection Engineering, which over the past year doublede in strength to 19 employees and added securitgy consulting to its services, says company Vice Presideny Douglas Rollman.
This is the secons time the company has moved since it was formeein 2003. The new location is threew miles fromthe company's previousd one at 1415 Newbrook Project Performance has signed a long-ternm lease to take the space it didn't alreadyy have at 1760 Old Meadow Road in McLean. The consulting firm signedx a 21,260-square-foot lease to become the sole occupanf ofthe property, which serves as its headquarters. Paul Darr and Dale Powellp of Cassidy & Pinkard Collierds representedProject Performance. , the landlord of the 100,836-square-foot building near the intersectionh of Interstate 495 and ChainjBridge Road, was represented by David Goldstein of Jonesz Lang LaSalle.
Boston-based bought 6.7 acree at 1901 Research Blvd. in Rockville from the for an undisclosee price. The property includes a 106,823-square-foot officew building and a 3,000-square-foot bank in a separater building. "It has unrealized upside potential in theassociatedr free-standing bank, and considerintg the competitive office market this propertgy is well-positioned to achiev e a significant premium above the existin rental rates in the coming making it a solid investment for the says Director Collins Ege, who handled the sale with John Kevilol and Jim Molloy of the firm'a capital markets team in D.C. The space theres is 92 percent leased tomultiplr tenants.
However, more than half of the leases expire in which couldmean long-term investment growth for the Bethesda-based Gold Star, which has more than $250 million invested in the region's commercial real estate purchased the property in 2004 for $24.5 million. Real Estats Investments has appointedNew York-based as its agency of The agency will handle all activitiesa related to advertising, marketing and corporats communications for the Alexandria-based real estate investment Posner plans to relauncn Jayco's brand this summer with a traditional and interactivw mix of marketing and It will also design a new logo and Web Jayco also has offices in McLean and D.C.
Design, marketing firm hired to get word out for Premieer sites Premier Management Services of Vienna hashired & Advertising to markety two commercial properties in Springfield. The marketing mix will includse postcards, print advertisements and public The properties, which have 70,000 squarew feet of office and retail space, are close to the Capitap Beltway and Interstate 95 near the Springfielrd Mall. The area is seeinh a spurt of development with anew high-rise apartments, offices, shops and restaurants.
Tanenbaujm brought in a production Gil Jusino, who will be responsiblee for production of the postcards and printg ads for the marketing