Mid Atlantic Real Estate Journal

Sagard Real Estate acquires fully leased distribution facility at Exit 8A MORRISTOWN, NJ - JLL Capital Markets announced today the $56.9 million sale of 27 Distribution Way, a 223,977-square-foot industrial distribution facility in Monmouth Junction, New Jersey at Exit 8A. JLL represented the seller, CenterPoint Properties, in the transaction. Sagard Real Estate acquired the asset.

Financing supports the next phase of growth for the Inspired by Somerset–H.I.G. Realty Partners joint venture TINTON FALLS, NJ — Walker & Dunlop arranged a $60 million bridge loan to refinance Bell Works Fort Monmouth, a 276,900 s/f mixed-use office and retail campus at 1 Commvault Way in Tinton Falls.

Wilkinson Barker Knauer, AAFP & AWHONN anchor office activity at 565,000 s/f office tower Nicholas Waring Photography © Washington, DC — Columbia Property Trust, Inc. has finalized more than 72,000 s/f of office and retail leasing at 1800 M St., its recently repositioned 565,000 s/f office tower in the heart of Washington, DC’s Central Business District. Over the past two years, Columbia has secured over 242,000 s/f in leases, bringing the building to 83% leased.

Savills team of Feinberg, Nasatir, DiChiara and Glass represents tenant FALLS CHURCH, VA — Compass Health Center, a provider of intermediate levels of mental health care, including partial hospitalization (PHP) and intensive outpatient (IOP) programs, has signed a lease to occupy 22,203 s/f of space at 3160 Fairview Park Dr., Unit 300.

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MAREJ 32 minutes ago 2 min read CALABASAS, CA — Marcus & Millichap announced that Deferred, the first and only technology-powered qualified intermediary transforming 1031 exchanges for everyday real estate investors, has joined Marcus & Millichap’s Preferred Partner Program as a provider of 1031 exchange solutions.

MAREJ 37 minutes ago 2 min read Woodbridge, Virginia - Newmark announces the company has arranged the $132 million sale of the Featherstone Industrial Portfolio, a 13-building, 734,606-square-foot industrial portfolio in Woodbridge, Virginia, approximately 23 miles south of Washington, D.C. Senior Managing Director Ben McCarty, Executive Managing Directors Cris Abramson and Will Bradley, Vice Chairman Dustin Volz and Managing Director Nick Signor represented the seller in the transaction.

TYSONS, VA – KLNB, the Mid-Atlantic’s largest privately held commercial real estate brokerage firm, in collaboration with HREC Investment Advisors, has successfully brokered the $35 million sale of Arlington Court Suites, a 187-unit hotel located at 1200 N Courthouse Rd. in Arlington, Virginia. The property is slated for a conversion into a 180-unit multifamily rental asset.

S.V.P. Tom Scatuorchio & Managing Director Matt Weilheimer arrange exclusive sale Westfield, NJ — The Kislak Company, Inc. announced the recent sale of a 6,000 s/f retail property with a redevelopment component at 184 Elm St. in downtown Westfield, Union County, for $3,700,000.

JERSEY CITY, NJ – RXR announced that Dogdrop, the membership-based urban dog daycare brand that pioneered the quick-stop model, has signed a lease to open its first New Jersey location at the Hudson House Collection in Jersey City's SoHo West neighborhood.