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Ritz Banc Celebrates in Georgetown

Washington DC

Last night, Ritz Banc Group celebrated the summer—and a big new deal—at the Ritz Carlton Georgetown. Snapped here: Ritz Banc co-founder Nasr El Hage (second from right) with GW professor Dr. Georges Jabbour, Lebanese Taverna's Najib Adwan and Dany Abi Najm, and Kalorama Dental Arts' Dr. Habib Mitri.

That big deal is the purchase of Avion Lakeside A & D in Chantilly, a two-property, 116k SF office complex near Dulles Airport that Ritz Banc bought with partner Lincoln Property Co. The price was around $20M, and Nasr tells us Ritz Banc is on the hunt for more value-add acquisitions.