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The Deal Sheet

WASHINGTON DC 09.14.2017

7TH ANNUAL FUTURE OF PRINCE GEORGE'S COUNTY

Exclusive Bisnow Cocktail Hour to Follow Panels!

Jane Cafritz -- Calvin Cafritz Enterprises
Steve Schwat -- Urban Investment Partners (UIP)
Nina Albert -- Washington Metropolitan Area Transit Authority (WMATA)
The Deal Sheet

LEASING

Pitney Bowes Presort Services  renewed 66k SF at Airport West Distribution Center. Lincoln Property Co Southeast's  Denton Shamburger and DTZ's  James Halepis  and  Rick Nash brokered the deal.

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Allstar Financial Group inked a 17k SF deal at Northridge Center I & II, part of a string of deals at the complex  totaling nearly 37k SF, including Woolpert, which  leased 10k SF, and One Source Relocation, which inked a 9,000 SF deal.

SALES

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RADCO Cos just purchased The Park at Briarcliff, a 982-unit apartment complex in DeKalb County that has been rebranded Ashford Druid Hills. The company paid $39.6M. "The fact that it is surrounded by Emory University, the CDC, the expanding Egleston Children's Hospital, and is in town and right off the interstate, makes this acquisition the very best located distressed property in this cycle," says RADCO CEO Norman Radow.

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GASCO Real Estate Holdings purchases two office-flex buildings at Peachtree Technology Center: 5923 Peachtree Industrial Blvd (50k SF) and 5854 Peachtree Corners East (30k SF) for $8.7M from VIFII Peachtree Technology. JLL's Shan Gastineau, Paul Hanna  and Katie Elliott brokered the sale.

EXECUTIVE MOVES

Robert Aldrich has joined Cassidy Turley's Atlanta capital markets group as a managing director. The 18-year vet most recently handled asset management for both foreign and domestic investors.

EVENTS

IFMA Atlanta will be delving into a tough but poignant topic: Strategies for surviving an active shooter in the work place. IFMA tapped Michael Briant, an 18-year security vet for ambassadors for the US, congressional delegations, and multinational corporations. The event will take place 7:30am, Oct. 16 at Maggiano's at Cumberland Mall.

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Wax your dream machine for Choate Construction's annual Cars and 'Q For the Cause benefiting Cystic Fibrosis Foundation. The event will be held at Choate's HQ at 8200 Roberts Dr, 4:30p.m. on Oct. 24. More information can be found here.

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