WASHINGTON, DC-Local brokers may be bemoaning the scarcity of large six-figure lease transactions, but they are still grateful for their bread-and-butter transactions—the smaller leases. A number have been inked in recent days, illustrating that it is still business as usual in the DC area even as official Washington ramps up for another policy clash.
XSport Fitness has inked a lease for 27,632 square feet at the Prince William Shopping Center. The retail center is owned by GSR Investments LLC. Washington, DC-based law firm, Real Estate Counselors, PLLC, represented GSR Investments, LLC, in the lease. J Street Cos. and Sierra US Commercial Real Estate represented XSport Fitness. XSport is searching for more locations in the DC area. The Woodbridge location, scheduled to open in early summer of 2013, will be XSport’s fifth location in the Washington Metropolitan area.
West, Lane & Schlager Realty Advisors also announced a series of small deals, negotiated on behalf of clients by Andrew Genova and his colleagues. The clients are Middlebury College, Excel Services Corp., Bocarsly Emden Cowan Esmail & Arndt, LLP, Precision Meetings & Events, and Chorus America.
Middlebury College is taking 6,415-square-feet at 1400 K St. NW in D.C. Excel Services is taking 5,861-square-feet at 11921 Rockville Pike in Rockville, MD.
In a third deal, Matt Levin and Genova represented Bocarsly Emden Cowan Esmail & Arndt in 4,632-square-foot lease relocation at 7700 Old Georgetown Road in Bethesda, MD. Rich and Genova also negotiated on behalf of Precision Meetings & Events for 3,561-square feet at 301 N. Fairfax St. in Alexandria, VA. They also represented Chorus America in a 2,458-square-foot lease restructuring at 1156 15th St. NW.