Commercial real estate round up
- November 23, 2009
Washington — The U.S. Department of Agriculture has leased 330,000 square feet at Patriots Plaza III. The USDA will occupy about 87 percent of the 380,087 square-foot Class-A office building, in a move that will consolidate five of its locations in the district and Northern Virginia. Patriots Plaza III is part of a 1 million-square-foot complex being built, funded and owned by Multi-Employer Property Trust (MEPT) and developed and leased by Trammell Crow Co.
Washington — Tishman Speyer signed the Federal Energy Regulation Commission as its first tenant at a new office building in NoMa, an area north of Massachusetts Avenue and Union Station. The agency signed a 35,000-square-foot deal for space at 1100 First St. NE. The 12-story, 348,000-square-foot building was completed this year. It holds a gold LEED (Leadership in Energy and Environmental Design) certification from the U. S. Green Building Council.
Williamsburg — A Harris Teeter grocery store has opened at Quarterpath Crossing Shopping Center in Williamsburg. Located at Route 199 at the main entrance to Kingsmill on the James, the 52,600-square-foot anchor store was developed by S. L. Nusbaum Realty Co. of Norfolk. The company also is handling leasing and management. Other tenants at Quarterpath Crossing include Wachovia Bank and Towne Bank.
Norfolk —S. L. Nusbaum Realty Co.’s Retail and Shopping Center Division announces a partnership with X Team International, a real estate brokerage alliance. With offices located in more than 45 major markets throughout the U.S., Canada and Europe, X Team services include transactions negotiation, portfolio analysis, lease valuations, asset assessment and valuation. Nusbaum has offices in Norfolk and Richmond and manages more than 5.3 million square feet of retail space.