WASHINGTON, DC—Kathleen Allgier is joining MRP Realty, as executive vice president – director of operations. She will be part of MRP's senior management team and oversee business management and operations. Prior to joining MRP Realty, Allgier led CBRE's Asset Services group in the Mid-Atlantic region.
WASHINGTON, DC—The Special Olympics is renewing its lease at 1133 19th St., for 34,000 square feet in an early renegotiation. The organization secured a low rental rate that will significantly reduce its rental costs as well as a generous concession package, according to its broker, The Ezra Co.
Glenn Meltzer and Ezra Weinblatt represented the Special Olympics. The Tower Cos. owns 1133 19th St. NW.
WASHINGTON, DC—The Newton Street Apartments, a 17-unit multifamily building in Columbia Heights has traded. Greysteel's Ari Firoozabadi, W. Kyle Tangney, John F. Mullen, Lance Ahmadian, Mike Bediones, Jake Ying, and Alicia Orkisz represented Oscar H. Serafini and Ana M. Serafini in the disposition to Newton Land Trust.
LAUREL, MD—Finmarc Management has acquired Laurel Commerce Center, a 58,609 square foot industrial building, for $6 million. Located at 14709 Baltimore Ave., the building is currently 100% leased to thirteen tenants. Nathan Pealer of Marcus & Millichap represented the seller, Laurel Commerce Center, LP, an entity controlled by the Fernebok family. Finmarc Management was self-represented in this transaction.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
