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900 16th St., NW

DEAL TRACKER

WASHINGTON, DCTrammell Crow Co. and joint venture partners, Cottonwood Partners and a subsidiary of a private real estate fund advised by Crow Holdings Capital Real Estate, have completed the sale of the 1.5-acre Sentinel Square III site located at 45 L St. NW, to an institutional investor joint venture advised and managed by MetLife Investment Management. Sentinel Square III is scheduled to deliver in the beginning of 2020 and is part of Trammell Crow Co.’s office development program, which includes Patriots Plaza and National Square in Washington DC as well as various build-to- suits around the country. Bill Collins, Shaun Weinberg and Chris Riley of Cushman & Wakefield represented Trammell Crow CO in the transaction.

WASHINGTON, DCFoulger-Pratt has acquired a 0.85-acre redevelopment site in NoMa located at 72 Florida Ave., NE, for $10.5 million. It plans to develop a self-storage facility there. Josh Feldman and Bob Filley of Marcus & Millichap marketed the property on behalf of the seller, an owner-operator commercial glass company who had inherited the property from a previous generation. Feldman and Filley were assisted by Ian Ruel and Robert Bechtel.

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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.

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