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The Watergate

NEWS & NOTABLES

WASHINGTON, DCJefferson Apartment Group has added two team members to its Northern Virginia headquarters. Julie Contos joins the firm as director of Marketing, and Will Ikeler has joined the Asset Management Group as an asset manager. Contos has worked at JBG SMITH, Lincoln Property Co., and A.J. Dwoskin and Associates. Ikeler was with Jones Lang LaSalle’s Mid-Atlantic Real Estate Investment Banking team.

RICHMONDMike Early has rejoined Marcus & Millichap as first vice president investments and a director of the National Retail Group. Early will be based in the firm’s Richmond and Norfolk offices.

DEAL TRACKER

WASHINGTON, DCInstitutional Property Advisors, a division of Marcus & Millichap, has sold 57,494 square feet of retail space and a multi-story parking garage in the Watergate complex. Dean Zang, Nathan Pealer and Josh Ein represented the seller, a joint venture between Penzance and Greenfield Partners, and procured the buyer, a private Northern Virginia-based investor. The sale includes three levels of retail anchored by a CVS/pharmacy, a forthcoming KinderCare childcare center, and a 135-space parking garage.

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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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