Washington, DC

The New York-based firm is financing the property through Freddie Mac, whose debt was secured by HFF.

LaSalle informed regulators that Pebblebrook bought its stock after it was provided with material nonpublic information.

Meanwhile, the vacancy rate in the District rose to 14% in Q2 -- an increase of 170 basis points (bps) year over year and the city's highest vacancy rate since 2014.

It paid $82.5 million for the site or $589,000 per acre.

The company will announce its plans for development at a future date.

Republic Properties Corp. scooped up the 344-unit value add property.

Tenant expansions from a variety of industry sectors helps drive positive absorption.

CBRE says that this is the largest industrial lease transaction in the Baltimore Metro area for the first half of 2018.