Residential condominium conversions valued at approximately $6.3 M.
Bradley Arlington Office Complex
This is a 150,000 sq. ft. two-building office complex located in the Bethesda CBD that was acquired for $26.4 million. As part of the repositioning strategy, a comprehensive capital improvement plan was implemented and rents have been raised over 25% to market.
The Fairview Building
This is a 75,000 sq. ft. office building that was acquired for $11 million. Within the first 12 months of ownership, a major capital improvement plan was implemented totaling over $4 million. The property is now being repositioned as Class A office condominiums with unique shared amenities such as common conferencing and kitchen facilities.
Tech Park 270
This is a 184,000 office/flex building located in Gaithersburg, Maryland that was acquired for $19.5 million. After a portion of the property was repositioned as wet lab space and the anchor tenant was renewed, the asset was sold for $33 million.
Deer Park Office Center
This is a 52,000 sq. ft. two building office complex that was acquired for $3 million. After a $6 million “gut” renovation was completed, the property was sold as office condominiums for over $16 million.
One Town Center
This is a 106,000 sq. ft. Class A office building located in Bowie, MD that was acquired for $23.5 million. The property benefits from easy access to Route 50 and is adjacent from the 900,000 sq. ft. Bowie Town Center retail development.
Department of Forensic Science Laboratory
The Project was procured via a PPEA Process. 114,000 square feet of state of the art forensic Laboratory space with an estimated total project cost of $68,000,000. The project is located within the Manassas area park, Innovation at Prince William.
100,000 square feet, $14,000,000 tilt-up shell with improvements to accommodate buffer/reagent manufacturing. The facility will have the capability of manufacturing under FDA regulated, GMP manufacturing conditions.