Commercial real estate round up, 6/21/10
- June 21, 2010
STERLING — A new Doubletree Hotel opened Wednesday near Washington Dulles International Airport. The 171-room hotel also is close to Dulles Town Center and will cater to both leisure and business travelers. With 5,000 square feet of event space and a 3,700-square foot ballroom, Doubletree hopes to capitalize on its location in Loudoun County, close to several major corporations. Amenities include a restaurant and high-speed wireless access. The Doubletree Hotel Dulles Airport-Sterling is operated by Steeplechase Hospitality, LLC, under a franchise agreement with a subsidiary of Hilton Worldwide.
ARLINGTON — Atlanta-based Invesco Real Estate has purchased Randolph Square in Shirlington for $47.9 million. The sellers were D.C.-based Monument Realty and Transwestern Investment Co. The 190,000-square-foot, nine-story office building is fully leased by the U. S. Patent and Trademark Office. Randolph Square is part of a larger mixed-use project that was finished in 2008. The building is certified gold under LEED (Leadership in Energy and Environmental Design) standards.
RESTON — A joint venture has purchased the Plaza America Shopping Center in Reston. In a deal brokered by Jones Lang LaSalle, New York-based Angelo, Gordon & Co. joined forces with Atlantic Realty Cos., one of the major commercial real estate developers in the Washington/Baltimore region. Plaza America opened in 1995 and includes more than 164,000 square feet of national and local stores. Atlantic Realty developed and built the center and has managed the property.
RICHMOND — MetLife has selected Thalhimer, a member of the Cushman & Wakefield Alliance, to serve as the exclusive representative for the sale or lease of the Bank of America Center at Best Plaza. The 285,846-square-foot building sits on 34 acres at the corner of Parham Road and Interstate 95. The building offers unique architectural and sculptural elements, and an adjoining tract of 58 acres that is also available for purchase.