Developer Adds Pediatric Center to Prince George’s County Retail MXU

Petrie Richardson Ventures signed a lease for a 60,000-square-foot pediatric outpatient and specialty care center at Woodmore Towne Centre, a 140-acre, 700,000-square-foot, mixed-use development in Prince George’s County, MD. The facility, which will specialize in pediatric care, will open in late 2019. The new facility on I-495 allows Children’s National to expand the health care

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Florida Investor Acquires Baltimore Asset for $60M

Boca Raton, FL-based Morning Calm Management acquired 500 East Pratt St. in Baltimore’s Inner Harbor from Dallas-based TIER REIT, Inc. for $60 million. Developed in 2004 by the Trammell Crow Company, the 280,000-square-foot, 13-story Class A office building is currently 93% occupied by tenants such as CohnReznick LLP, Saul Ewing LLP, Deloitte, JLL, UBS, and McGuire Woods

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Adler Acquires Nine-Building Maryland Portfolio

Adler Real Estate Partners purchased The Columbia portfolio, a group of nine single-story office buildings located in Columbia, MD. The 85% leased portfolio consists of three business parks totaling 224,644 square feet. NKF Capital Markets’ Cris Abramson, Brian Kruger, Nicholas Signor and Ben McCarty facilitated the sale. “Institutional interest was strong for the portfolio, due to

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Merritt Plans New Warehouse for MD’s Tight Harford Submarket

Merritt Properties plans to build an 860,000-square-foot logistics facility on 98 acres within the Baltimore region. The metro area’s Harford County industrial submarket has experienced record low vacancies of under 2% since 2017. Construction of Tower Logistics Center in Perryman, MD, will commence in the fourth quarter of 2019, with delivery projected for late 2020.

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BWI Hotel Investment Activity Soars

Record-breaking Baltimore Washington Airport (BWI) passenger growth over the past three years along with strong airport hotel fundamentals is fueling investment in the market. Connect Media asked Berkadia’s Kyle Stevenson to share insights into the BWI market in our latest 3 CRE Q&A. Q: What makes the BWI market so attractive? A: The BWI lodging

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Fox TV Affiliates Relocate from DC to Bethesda, MD

Fox signed a 59,172-square-foot, 16-year lease to relocate operations and studio facilities for WTTG and WDCA to The Wilson in Bethesda, MD. The TV station’s new lease will commence June 2021 upon completion of the 937,000-square-foot, mixed-use development at 7272 Wisconsin Ave. Carr Properties is developing a 360,000-square-foot office building with ground floor retail, two

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BlackRock Buys Bethesda Transit-Oriented MXU

Flats at Bethesda Avenue, a mixed-use residential and retail property located in the heart of Bethesda, MD, has been sold for an undisclosed amount. A fund managed by BlackRock Real Assets acquired the 162-unit transit-oriented multifamily asset from a joint venture between StonebridgeCarras, PN Hoffman, Buvermo and Northwestern Mutual. Completed in 2015, the property also

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