Commercial Real Estate Roundup: 7/12/10
- July 12, 2010
WASHINGTON, D.C. – An 186,462-square-foot, 11-story building at 1899 Philadelphia Ave. NW is for sale for $150 million. The building is owned by KanAm Grund Kapitalanlagegesellschaft, an investment firm in Frankfurt. The property is currently 100 percent leased. Jones Lang LaSalle is marketing the property.
GLEN ALLEN – General Cigar Co. Inc. is leasing 16,279 square feet at Highwoods One, a 124,375-square-foot Class A building in the Innsbrook Corporate Center, according to CoStar Group. General Cigar is one of the largest manufacturers and importers of handmade cigars in the U.S. The company is expected to take occupancy in September. Jones Lang LaSalle represented the tenant. Highwoods Properties is the landlord.
PRINCE GEORGE COUNTY, MD. – Timothy Dean, a contestant on Bravo TV’s “Top Chef,” has filed an $8 million lawsuit against the developers of the National Harbor, a mixed-use development the Potomac River. Dean’s suit alleges that the Peterson Cos. had promised to make $600,000 worth of improvements at the restaurant spot where Dean wanted to open Timothy Dean Bistro. Dean’s suit says the developer failed to make the investments and then evicted him. He is suing for fraud and breach of contract.
RICHMOND – Bigge Crane & Rigging has purchased a 20,00-square-foot industrial building on Maury Street from Speight LLC for $1.7 million. Bigge Crane will use the facility as its new East Coast headquarters. Franklin Bell of Thalhimer, a member of the Cushman & Wakefield Alliance, handled the sale negotiations.