Fareri Associates president John Fareri tells Globest.com that the first phase of the project would involve the development of approximately 500,000 square feet of space, including an approximately 135-room hotel, biotechnology-medical and retail space.

Palwaukee Hospitality purchased the 108-room hotel for an undisclosed price.

“Fulton Market is continuing its transformation into one of the most sought-after areas in the country for prime office and retail space."

Gunston Commerce Center, a nine-building complex anchored by the GSA and other government contractors, was sold by I-95 Business Parks Management, which hired Avison Young last year to market the best-in-class industrial/flex business park for sale.