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Breaking News: Hammond Exchange Has a Buyer

WASHINGTON DC 05.08.2017

MONTGOMERY COUNTY STATE OF THE MARKET

Featuring an Interview of Marriott CEO Arne Sorenson

Arne Sorenson -- Marriott International
Oliver Carr, III -- Carr Properties
Bryant Foulger -- Foulger-Pratt
Breaking News: Hammond Exchange Has a Buyer

hammondexchange

Sources confirm that State Farm has purchased Hammond Exchange for more than $45M. It seems the insurance giant is moving closer to a  consolidated campus in Central Perimeter that may involve additional build-to-suit buildings, given the Hammond transaction includes land for development. It leased 250k SF there a few months ago, along with deals at other Central Perimeter office buildings, including The Terraces. (State Farm ensures it's a good neighbor by owning so many buildings that it becomes its own neighbor.)
Related Topics: Hammond Exchange, The Terraces