Commercial Real Estate Briefs
- August 30, 2010
Kristina Townsend, a property manager for Liberty Property Trust in Hampton Roads, has earned the Real Property Administrator designation from BOMA International. The RPA curriculum includes courses in the design, operation and maintenance of building systems, law and risk management, budgeting and accounting, and environmental and health issues. Townsend oversees Liberty’s Chesapeake portfolio of 11 buildings totaling 700,000 square feet.
Hall Associates in Roanoke has named Boyd Johnson director of its newly formed asset management group. He will oversee operations designed to maximize the value of a property for sale. A former CPA and banker, Johnson has owned several businesses and is a licensed Realtor.
WestGroup, the McLean-based developer that was one of the largest landowners at Tysons Corner, sold its portfolio of 115 acres of land and office buildings to DLJ Real Estate Capital Partners for $222 million. DLJ is a subsidiary of Credit Suisse Group. Some of WestGroup’s development team will stay on to manage the portfolio as Tysons undergoes massive change designed to transforms the state’s largest corporate office park into a more walkable, mixed-use project.
Calkain Cos. in Reston has acquired management firm Westpark Real Estate Advisors. Alexandria-based Westpark provides underwriting, asset management and consulting services to commercial real estate owners. Jonathan Hipp, CEO of Calkain, says the two firms have had a relationship for years, and he expects the deal to attract new clients, particularly from international companies.
Capital Warehouse expanded by 10,000 square feet when it renewed a lease, bringing the total to 40,000 square feet for a property on Transport Street in Richmond. Thalhimer, a member of the Cushman/Wakefield Alliance, handled lease negotiations.
The expansion of federal government agencies continues to boost the Washington, D.C., market. The Securities and Exchange Commission recently signed a 10-year lease for 900,000 square feet at Constitution Center, and the U.S. Parole Commission leased 36,000 square feet at Sentinel Square.