Galaxy 23rd Street Acquires rd Street, NW for a Total Transaction of $64M

Similar documents
SOLAR. Representing clients across the renewable energy industry. Troutman Sanders LLP. troutman.com

Philip N. Feder. Los Angeles. Practice Areas. Admissions. Languages. Education. Partner, Real Estate Department

Finance. Midwest Capital Markets

Life Sciences Outlook. New York City 2016

Viking Advisory Group. Company Presentation September 2011

Mergers and Acquisitions/ Private Equity. Providing In-Depth Deal Coverage for Buyers, Sellers, and Investors. Attorney Advertising

TRANSWESTERN TRANSWESTERN TRANSWESTERN TRANSWESTERN. NAIOP Presentation p. 1

Family Dollar. 823 E. Washington St. Suffolk, VA

CORPORATE PROFILE. Global Knowledge, Local Expertise

TEAM CAPABILITIES MUMBAI DELHI (NCR) BANGALORE KOLKATA INDIA

IDENTIFY RIGHT RETURN

investments asset management property management

Dollar Tree for Sale N. Monroe St. Tallahassee, FL. Representative Photo

2015 Real Estate Industry Update A landscape for change: Transforming for the future

NEC VAL VISTA AND RIGGS

2015 Real Estate Industry Update A landscape for change: Transforming for the future

In The News For immediate release Contact Kristin Reed,

PM REALTY GROUP CORPORATE FACT SHEET

Small Business Investment Companies

Approach A Solution-Oriented Perspective

Office Condo Inside I-285 1,334 SF Available For Sale

Dollar Tree for Sale N. Monroe St. Tallahassee, FL

Convene and RXR Realty Partner to Bring Premier Meeting Lounge, Event Space and Workplace Hospitality Services to Newly Renovated 237 Park Avenue

Real Estate Joint Ventures & Equity Investment

The Complexities of Mixed Use

ESCONDIDO VALLEY CENTER. 1346, 1352 & 1358 West Valley Parkway Escondido, California SAN DIEGO GROCERY-ANCHORED INVESTMENT OPPORTUNITY

Mining. Construction Family Offices. Life Sciences Life Sciences. Oil & Gas. Automotive. Mining. ealth Law. ommercial Finance. conomic Incentives

DEAL PIPELINE (702)

Teresa V. Pahl Partner

Venture Capital Investment Consortium

Enayat Qasimi. Partner. Experience M Street, NW Suite 450N Washington, DC Phone: Fax:

BANK OF AMERICA - NET LEASED ASSET

6800 N BROADWAY EXT N. BROADWAY EXT., OKLAHOMA CITY, OK

Samuel M. Spiritos Park Potomac Avenue 6th Floor Potomac, MD T (301) F (301)

KOLSRUD INVESTMENT SERVICES TEAM. Colliers International Minneapolis-St. Paul

NORTH AUSTIN II WILKE LANE PFLUGERVILLE, TX 78660


MILLER WALKER Retail Real Estate is the Washington, DC Metropolitan Area s premier retail and restaurant

How to Build a 100 Year Enterprise The Role of The Family Office. Presented by: Linda C. Mack STEP New York June 11, 2015

SOUTHEAST CAPITAL INVESTMENTS INC

Automotive Supply Industry Law

François G. Laugier's Representative Experience

Peter J. Tucci Partner

2015 Real Estate Industry Update A landscape for change: Transforming for the future

RETAIL LEASING OVERVIEW 950 L ENFANT PLAZA, SW WASHINGTON, DC

ALANCO TECHNOLOGIES INC

21ST & DAMEN 2016 S DAMEN AVENUE CHICAGO, IL Angelo Labriola Vice President

Walgreens KINSON RUSSO NET LEASED TEAM

Invesco Ltd. (Exact name of registrant as specified in its charter)

Jim Labe. The Global Leader in Venture Finance

Dollar Tree for Sale N. Monroe St. Tallahassee, FL

FOR SUBLEASE th Street SW. Property Highlights. Property Details. Sublease Details. FOR SUBLEASE: 606-4th Street SW

Walgreens KINSON RUSSO NET LEASED TEAM. Joseph F. Russo

Jim Labe. The Global Leader in Venture Finance

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K

SOUTH BAY CORPORATE CENTER

2015 Real Estate Industry Update A landscape for change: Transforming for the future

Digital Health Funding and M&A

Robert A. Greising Partner

OFFERING MEMORANDUM. WALMART 2640 Crossing Circle, Traverse City, MI ROBERT BENDER KEVIN J. BAKER DANIEL H.

Michael Klump Chairman and Co-founder

Mara H. Rogers, Partner Norton Rose Fulbright

Transwestern. is the advantage

HDC PROFILE WE DELIVER: SINGLE SOURCE ACCOUNTABILITY --- TURNKEY PROJECTS CONTACT SAL A. HAIDER HAIDER DEVELOPMENT CORPORATION

Negotiating with Your Lender

W H AT W E D O SPONSORS. Contents INVESTMENT TERMS SENIOR MANAGEMENT

The Premier Difference. Treat Every Project As If It Were Your Own. Pay Attention To Details

Columbia University MsRED Career Development Program

Invesco Real Estate signs six leases at 179 Lincoln totaling 70,000 s/f - Lyne and Howe of CBRE/New England represent the landlord

Atlantic Beach Retail Space Available

PART 2B FORM ADV. Updated November 4, 2015 LASALLE INVESTMENT MANAGEMENT, INC. 333 WEST WACKER DRIVE, SUITE 2300 CHICAGO, ILLINOIS 60606

U.S. Mergers and Acquisitions

Our Mission. To acquire quality properties providing secure and sustainable returns for our equity partners. Testimonial

Midwest Capital Markets. Capital Markets Overview. Invested

22 BULL STREET SAVANNAH, GA 31401

Annual. Real Estate. Outlook

New York Bar admission (or eligibility to obtain admission promptly) is required.

INTEGRITY RESPECT COMMITMENT RELATIONSHIPS

OVER WHERE? Wednesday, April 30, 2014

W.A. COLLIER PROPERTY

The best way to predict the future is to create it. Peter Drucker

Dropbox, Inc. signed a 736,000 SF lease in San Francisco s Mission Bay making it the single largest lease in the city s history.

CHICAGO RETAIL INVESTMENT SERVICES GROUP

Family Dollar for Sale

WRITTEN SUBMISSION OF GE CAPITAL TO THE FINANCIAL CRISIS INQUIRY COMMISSION

of New York Real Estate Moderator: Richard Baker 88 Panelists: William Mack Harry Macklowe Larry Silverstein MAY 6, 2016

188 ACRES TO CONSTRUCT UP TO 2 MILLION SF FRENCH LAKE INDUSTRIAL CENTER BROCKTON LANE & ROGERS DRIVE, DAYTON, MN

Raymond A. Snead, Jr., D. Sc., FHFMA, FACHE

1000 Urlin Avenue #A18 Columbus, Ohio Bill Diffenderffer. September 2013 to Present. Lecturer on Entrepreneurship : MBA and Undergraduate

VENTURE CAPITAL INVESTING REACHES HIGHEST LEVEL SINCE Q WITH $13.0 BILLION INVESTED DURING Q2 2014, ACCORDING TO THE MONEYTREE REPORT

Christopher Wood Director of Social Responsibility

Walgreens KINSON RUSSO NET LEASED TEAM

Greg Nelson. Houston. Practice Areas. Admissions. Education. Partner, Tax Department

Robert A. Greising Partner

PERENNIAL REAL ESTATE HOLDINGS LIMITED

Avison Young to buy European real estate company after $250-million investment from Caisse

IAC/INTERACTIVECORP Filed by GOLDMAN SACHS ASSET MANAGEMENT LP

Ned Abelson. Director. Accolades. Boston:

Blake Baird Chairman & Chief Executive Officer Terreno Realty Corp

Hiberno Saxon web copy. Home. Team

Transcription:

WASHINGTON DC (http://dc.citybizlist.com/) Contribute (http://dc.citybizlist.com/contribute) Advertise (http://dc.citybizlist.com/advertise) Promote (http://dc.citybizlist.com/promote) Sign up for: Email Newsletter (http://dc.citybizlist.com/sign-up/email) (http://www.linkedin.com/company/citybizlist) (https://www.facebook.com/pages/citybizlist-washington-dc/128555567215846) (https://twitter.com/cblwashingtondc) (http://dc.citybizlist.com/feeds) Search the site MID=165345&plid=427689&setID=166576&channelID=0&CID=106238&banID=519311188&PID=0&textadID=0&tc=1&mt=1448981224540020&hc=a050505c956e3437028dbc6d6d291cf3faed6cde&location=) Galaxy 23rd Street Acquires 1250 23rd Street, NW for a Total Transaction of $64M 11/30/15 Cambridge Property Group, announces the successful representation of Galaxy 23rd Street LLC in its acquisition of 1250 23rd Street, N.W., a 128,571 sf. mixed use property in the West End submarket of Washington, DC. The project was purchased from W/G 1250 23rd Street NW LLC, whom was represented by Transwestern. Galaxy 23rd Street LLC is a joint venture between Hartford Investment Management Company (HIMCO) and Galaxy Investments LLC. 1250 23rd Street is 100% leased with over 75% of project encumbered by long term lease in excess of 10 years. Tenants have historically been attracted to the {area or property} due to its ease of vehicular access and proximity to the Foggy Bottom and Dupont Circle Metro Stations. Further, the property is strategically positioned in the heart of the West End, conveniently close to Georgetown and the Central Business District. Built in 1989, the property was renovated in 2010, which included a state of the art fitness center, new restrooms and common areas, as well as upgrades and replacements of the building systems. According to Andrew J. Czekaj, Managing member of Galaxy 23rd Street LLC, the asset presented A rare opportunity in Washington, D.C. to purchase a well leased project, with credit tenancy, which also provided strong double digit returns on our investments. Mr. Czekaj added, We will continue to aggressively pursue similar transactions in the Washington, D.C. metro area. Cambridge will continue to provide property management and leasing services for the new ownership. According to Randy S. Jaegle, Chief Operating Officer of Cambridge, We are thrilled with the opportunity and look to further enhance the value of the asset through a proactive and dynamic approach created by our asset management team.

Cambridge provides real estate services to institutions, investment partnerships and individual owners to comprehensively address the challenges of today s real estate market. Since 1983, Cambridge and its subsidiaries have successfully developed over 6.2 million square feet and structured the acquisition and/or disposition of in excess of 20 million square feet of commercial real estate as well as 465 acres of land with a total value exceeding $6.4 billion. In addition, Cambridge has been instrumental in the restructure of approximately $1.5 billion of CMBS and institutional debt on behalf of clients and partners. The firm also provides property management, leasing and construction management services to approximately 4.2 million square feet of office, R&D and industrial space. Posted in Commercial Real Estate (http://dc.citybizlist.com/channel/cre) STORIES YOU NEED TO KNOW Westport Capital Partners Sells Fully Leased Office Building in Downto (/article/318150/westport-capital-partners-sells-fully-leased-office-building-in-downtown-washington-dcs-west-end) H&R Retail Completes Seven Retail Leases in Washington, D.C. Region (/article/318143/hr-retail-completes-seven-retail-leases-in-washington-dc-region) ThreatConnect Closes Series B Funding in Excess of $16 Million (/article/318453/threatconnect-closes-series-b-funding-in-excess-of-16-million) Growing Tech Community Means Choices (/article/312784/growing-tech-community-means-choices) Galaxy 23rd Street Acquires 1250 23rd Street, NW for a Total Transacti (/article/318347/galaxy-23rd-street-acquires-1250-23rd-street-nw-for-a-total-transaction-of-64m) NAI KLNB Brokers Sale of Two Buildings in Elkridge, Maryland Totaling (/article/318235/nai-klnb-brokers-sale-of-two-buildings-in-elkridge-maryland-totaling-more-than-21-million) Commercial Real Estate (/channel/cre) MID=165345&plid=426537&setID=166577&channelID=0&CID=105625&banID=519309570&PID=0&textadID=0&tc=1&mt=1448981224713770&hc=19dbba7596a757fb067720f7c77 MID=165345&plid=426521&setID=166577&channelID=0&CID=104574&banID=519306688&PID=0&textadID=0&tc=1&mt=1448981224807284&hc=a42369a7910af0dc12518e1b97

MID=165345&plid=426516&setID=166577&channelID=0&CID=105321&banID=519309578&PID=0&textadID=0&tc=1&mt=1448981224901280&hc=89303873a45e87bc2e0b23c6c8 SPONSORED CONTENT ON WASHINGTON DC CITYBIZLIST Everything That Happened at #PuppetConf2015 [Watch] (http://washingtondc.citybizlist.com/postrelease? prx_t=jo0bawkceabwgea&ntv_fr) Posted on 11/24/15 - by Puppet Labs Hear from industry leaders on the value of automation, DevOps in a regulated environment, using Puppet on Windows, and more. STORIES YOU NEED TO KNOW Westport Capital Partners Sells Fully Leased Office Building in Downto (/article/318150/westport-capital-partners-sells-fully-leased-office-building-in-downtown-washington-dcs-west-end) H&R Retail Completes Seven Retail Leases in Washington, D.C. Region (/article/318143/hr-retail-completes-seven-retail-leases-in-washington-dc-region) ThreatConnect Closes Series B Funding in Excess of $16 Million (/article/318453/threatconnect-closes-series-b-funding-in-excess-of-16-million) Growing Tech Community Means Choices (/article/312784/growing-tech-community-means-choices) Galaxy 23rd Street Acquires 1250 23rd Street, NW for a Total Transacti (/article/318347/galaxy-23rd-street-acquires-1250-23rd-street-nw-for-a-total-transaction-of-64m) NAI KLNB Brokers Sale of Two Buildings in Elkridge, Maryland Totaling (/article/318235/nai-klnb-brokers-sale-of-two-buildings-in-elkridge-maryland-totaling-more-than-21-million) Commercial Real Estate (/channel/cre) It's on us. Share your news here. Submit your stories and articles to citybizlist today. (http://dc.citybizlist.com/contribute) Commercial Real Estate Cushman & Wakefield Thalhimer Names Senior Portfolio Manager (http://dc.citybizlist.com/article/318433/cushman-wakefield-thalhimer-names-senior-portfoliomanager) Galaxy 23rd Street Acquires 1250 23rd Street, NW for a Total Transaction of $64M (http://dc.citybizlist.com/article/318347/galaxy-23rd-street-acquires-1250-23rd-street-nw-for-a-total-transaction-of-64m) Galaxy Metro Purchases Cambridge Metro Overlook for $21.5M (http://dc.citybizlist.com/article/318346/galaxy-metropurchases-cambridge-metro-overlook-for-215m)

Law AV Pre-eminent Family Law Attorney Julie Ellen Landau Named to Super Lawyers Top 50 Women Lawyers List for Fifth Year in a Row (http://dc.citybizlist.com/article/318409/av-preeminent-family-law-attorney-julie-ellen-landau-named-to-super-lawyers-top-50-women-lawyerslist-for-fifth-year-in-a-row) 4 Unpredictable Intersections Between Family Law and Employment Law (http://dc.citybizlist.com/article/318336/4- unpredictable-intersections-between-family-law-and-employment-law) Read Delete: 2016 Federal Holidays (http://dc.citybizlist.com/article/318335/read-delete-2016-federal-holidays) Venture Capital ThreatConnect Closes Series B Funding in Excess of $16 Million (http://dc.citybizlist.com/article/318453/threatconnect-closes-series-b-funding-inexcess-of-16-million) Clearpool Group Secures a Multi-Million Dollar Investment from Edison Partners (http://dc.citybizlist.com/article/318452/clearpool-group-secures-a-multi-million-dollar-investment-from-edison-partners) American Capital Considers Alternatives, Including Sale (http://dc.citybizlist.com/article/318367/american-capital-considersalternatives-including-sale) MID=165345&plid=430241&setID=166580&channelID=0&CID=107089&banID=519313261&PID=0&textadID=0&tc=1&mt=1448981225014535&hc=b95568a2cd6af1d999ba036653 MID=165345&plid=426227&setID=166580&channelID=0&CID=105626&banID=519309573&PID=0&textadID=0&tc=1&mt=1448981225168852&hc=b6fbf748f43a270a69c5bf706f20

Stay in the Know. Sign Up for our E-Newsletter Join more than 20,000 subscribers and sign up to get daily updates with Baltimore's latest business news your email address Sign Me Up MID=165345&plid=426218&setID=166580&channelID=0&CID=105809&banID=519310013&PID=0&textadID=0&tc=1&mt=1448981225260575&hc=8b04ab85414cab2b96fcaa8f05b Contact Our CEO, Edwin Warfield For partnerships, content marketing or advertising inquiries, please contact Edwin through his LinkedIn Profile Connect (https://www.linkedin.com/in/edwinwarfield) Copyright 2014 citybizlist Created by Mission (http://missionmedia.com) and Powered by Develop DC (http://developdc.com)