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SPRINGFIELD, VA-The two-building Fullerton Square business park will get a new tenant as the General Services Administration signs a lease for 23,186 sf of office space. Advantis Real Estate Services Company secured the deal.
BELTSVILLE, MD-Makeup company Mirage Cosmetics Inc. purchases a new headquarters building for $2.2 million. The 34-year old industrial structure is nearly 51,000 sf and was previously owned by Duron Paints & Wallcoverings.
ROCKVILLE, MD-Metro Park North--a 17-building property housing 905,000 sf of office and flex space in the I-270 Corridor--changes hands from one California real estate firm to another, as PS Business Parks purchases the complex in a $127 million deal. Seller GIC Realty finally unloads the property after two failed attempts earlier this year.
GERMANTOWN, MD-Science Applications International Corp. renews the lease on its long-held space at 20201 Century Blvd. The company occupies 51,137 sf of a structure in the 270 Corporate Park office building complex.
WASHINGTON, DC-Starbucks inks a deal to open in Woodley Park at 3000 Connecticut Ave., the former home of the Animal Cracker Cafi. The 1,700-sf shop will open across the street from the National Zoo in early 2002.
ROSSLYN, VA-After helping Laurel Consulting Group, Inc. evaluate current area vacancies, Newmark & Company Real Estate, Inc. facilitates the company's renewal of its current space at 1815 North Fort Myer Dr.
BALTIMORE, MD-The County Council has voted to sell five properties in hopes of raising about $6 million in cash. The sites cover a total of 20 acres and range in value from approximately $3 million to $4,700.
BALTIMORE, MD-Latitude 360 moves its headquarters to bwtech@UMBC, the newly developed research and technology park at the University of Maryland, Baltimore County.
WASHINGTON, DC-Congress passes the Brownfields Revitalization and Environmental Restoration Act, giving state and local governments access to $250 million for the cleanup and conservation of abandoned commercial and industrial properties throughout the US.
WASHINGTON, DC-According to the Food Marketing Institute's The Facts About Store Development 2001 report, the country's supermarkets decreased in size in 2000, but increased in number from the previous year.