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FINMARC MANAGEMENT, INC. ACQUIRES FIFTEEN INDUSTRIAL PROPERTIES COMPRISING MORE THAN 750,000 SQUARE FEET ALONG I-95 CORRIDOR IN VIRGINIA FOR $58 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the acquisition of a fifteen-building portfolio comprised of more than 750,000 square feet of industrial and warehouse space situated along the Interstate 95 corridor in Northern Virginia from Stewart Investment Company for $58 million. The portfolio, contained primarily within the Featherstone Industrial Park […]

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FINMARC MANAGEMENT, INC. SELLS THREE-STORY OFFICE BUILDING IN CHANTILLY, VA FOR $4.9 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of a three-story 78,327 square foot commercial office building situated at 4100 Lafayette Center Drive within the Enterprise Center in Chantilly, Virginia for $4.9 million. The asset was acquired by Better Lafayette, LLC. Caulley Deringer of Transwestern represented the seller and […]

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FINMARC MANAGEMENT, INC. SELLS 18,556 SQUARE FOOT SOUTH VALLEY PLAZA IN ALEXANDRIA FOR $5.72 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of South Valley Plaza, an 18,556 square foot retail center located at 7611 Richmond Highway in Alexandria, Virginia. The asset, which is leased to multiple tenants, and was acquired by Mount Pleasant Properties, LLC. Matt Skalet of KLNB Retail represented Finmarc […]

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FINMARC MANAGEMENT, INC. SELLS FULLY-LEASED DATA CENTER BUILDING IN CHANTILLY, VA FOR $22.94 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of a single-story 54,530 square foot data center building situated at 4120 Lafayette Center Drive within the Enterprise Center in Chantilly, Virginia for $22.94 million. The asset, which was 100% leased and occupied at the time of the transaction, was acquired […]

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FINMARC MANAGEMENT, INC. ACQUIRES 46,600 SQUARE FOOT FLEX/WAREHOUSE BUILDING IN GAITHERSBURG, MARYLAND FOR $4.95 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the acquisition of a 46,600 square foot flex/warehouse building situated on approximately 4.7 acres of land at 7419-7431 Lindbergh Drive, in the Gaithersburg section of Montgomery County, Maryland. The asset was purchased for $4.95 million from 7419 Lindberg Drive, LLC with Sandy Hunt […]

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TIFFANY PUGH OF FINMARC MANAGEMENT, INC. ELECTED PRESIDENT OF WOMEN IN RETAIL REAL ESTATE

          Tiffany Pugh, Senior Lease Analyst and Property Manager for Finmarc Management, Inc., has been elected President of Women in Retail Real Estate (WIRRE) for a one-year term. The locally-based organization, which was founded thirty years ago, provides networking and educational opportunities to women working in a variety of roles in […]

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FINMARC MANAGEMENT, INC. SELLS 71,373 SQUARE FOOT INDUSTRIAL BUILDING IN FAIRFAX, VA FOR $12.6 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of a 71,373 square foot industrial building in Fairfax, Virginia for $12.6 million. The asset was 100% leased to multiple tenants at the time of the sale. Bruce Strasburg, Senior Managing Director of HFF represented Finmarc Management, Inc. with the buyer, […]

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FINMARC MANAGEMENT, INC. ACQUIRES 66,000 SQUARE FOOT WAREHOUSE PORTFOLIO IN GAITHERSBURG, MARYLAND FOR $9.2 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the acquisition of a two-building warehouse portfolio comprising more than 66,000 square feet of space on nearly five acres of land. The two single-story assets, located at 7500 and 7510 Lindbergh Drive in the Gaithersburg section of Montgomery County, MD are 100% leased […]

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FINMARC MANAGEMENT, INC. SELECTS KELLY CROUGH AS DIRECTOR OF LEASING

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the selection of Kelly M. Crough as Director of Leasing. She was formerly Assistant  Vice President  for EDGE Commercial Real Estate. In her new role, Ms. Crough will oversee and manage the day-to-day leasing functions for the Finmarc Management portfolio of retail centers, […]

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FINMARC MANAGEMENT, INC. ACQUIRES 26 BUILDINGS COMPRISING 950,000 SQUARE FEET IN NORTHERN VIRGINIA FROM FIRST POTOMAC REALTY TRUST FOR $96 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the acquisition of a 26-building portfolio, comprised of approximately 950,000 square feet of commercial office, flex/office and warehouse space in the Northern Virginia marketplace from First Potomac Realty Trust for $96 million. The portfolio is situated throughout Reston, Herndon, Manassas, Merrifield and Chantilly […]

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FINMARC MANAGEMENT, INC. SELLS PINEY BRANCH SHOPPING CENTER IN SILVER SPRING, MARYLAND FOR $11.2 MILLION

54,242 square foot neighborhood center is 100% leased  Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm has sold Piney Branch Shopping Center, a 54,242 square foot shopping center situated in the Silver Spring section of Montgomery County to an affiliate of JBGR Retail for $11.2 million. Andy Stape, Mat Adler and Vito Lupo […]

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FINMARC MANAGEMENT, INC. ACQUIRES FOUR-BUILDING 135,000 SQUARE FOOT OFFICE PORTFOLIO IN COLUMBIA, MD FOR $15.75 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the acquisition of a four-building flex/office portfolio comprising approximately 135,000 square feet of space for $15.75 million. Located at Rumsey Road in the Columbia section of Howard County, and formerly owned by First Potomac Realty Trust, the project is nearly 100% leased. Mark […]

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FINMARC MANAGEMENT, INC. ACQUIRES 61,500 SQUARE FOOT TRAVILAH SQUARE SHOPPING CENTER IN ROCKVILLE, MD FOR $22.4 MILLION

Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the purchase of the Travilah Square Shopping Center, a 61,496 square foot shopping center located in the I-270 Tech Corridor section of Montgomery County, Maryland for $22.4 million. Situated at the intersection of Darnestown Road (MD Route 28) Travilah Road, the project consists […]

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FINMARC MANAGEMENT COMPLETES FULL-BUILDING, 150,000 SQUARE FOOT LEASE WITH THE UNIVERSITY OF PENNSYLVANIA’S CLINICAL HEALTH CARE ASSOCIATES IN CHERRY HILL, NJ

More than $50 million in renovations and improvements planned for the building  formerly occupied by Syms Corporation and acquired by Finmarc in 2013  Finmarc Management, Inc., through an affiliated entity, has completed a long-term lease with Clinical Health Care Associates of New Jersey, P.C., a subsidiary of the University of Pennsylvania and Clinical Practices of […]

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FINMARC MANAGEMENT, INC. SELLS 40,000 SQUARE FOOT SHOPPING CENTER IN TYSONS CORNER, VA FOR $31.1 MILLION

Located at 8459 Leesburg Pike, center is 100% leased    Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, along with its partners has sold a 40,000 square foot neighborhood retail center located at 8459 Leesburg Pike, in the Tysons Corner section of Northern Virginia for $31.1 million to Retail Properties of America, Inc. […]

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FINMARC MANAGEMENT, INC. SELLS 120,000 SQUARE FOOT WAREHOUSE BUILDING IN ELKRIDGE, MD FOR $12.5 MILLION

6740 Dorsey Road is 100% leased to wholesale food distributor Saval Foodservice  Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, in partnership with Kodiak Properties, LLC, has sold 6740 Dorsey Road, a 120,186 square foot warehouse and distribution building located in the Elkridge section of Howard County, Maryland for $12.5 million to DCT […]

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FINMARC MANAGEMENT, INC. AND NORTHFIELD CONSTRUCTION AND DEVELOPMENT, LLC ACQUIRE .68 ACRE PARCEL IN ALEXANDRIA, VA FOR TOWNHOUSE DEVELOPMENT

           Partnership intends to develop luxury townhouse project on site located at intersection of North Henry Street and Pendleton Street in Old Town West section of city       Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the purchase of a .68 acre site in the […]

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FINMARC MANAGEMENT, INC. ACQUIRES 58,609 SQUARE FOOT INDUSTRIAL BUILDING IN LAUREL, MARYLAND FOR $6 MILLION

Laurel Commerce Center is 100% leased and located adjacent to MD Route 1  Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the purchase of Laurel Commerce Center, a 58,609 square foot industrial building located in the Laurel section of Prince George’s County, Maryland for $6 million. The project is located at […]

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FINMARC MANAGEMENT, INC. ACQUIRES 292,000 SQUARE FOOT SHOPPING CENTER IN ST. MARY’S COUNTY, MARYLAND FOR $28.4 MILLION

Wildewood Shopping Center is 95% leased  Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the purchase of Wildewood Shopping Center, a 292,000 square foot regional shopping center located in California, Maryland in St. Mary’s County for $28.4 million. The retail project features multiple national anchor tenants including Bed Bath & Beyond; […]

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FINMARC MANAGEMENT, INC. SELLS 95,000 SQUARE FOOT BRAFFERTON CENTER IN STAFFORD, VA FOR $22.3 MILLION

Neighborhood shopping center, anchored by Sport & Health, is 98% occupied  Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, in partnership with Angelo Gordon of Kodiak Properties, LLC, has announced the sale of Brafferton Center, a 95,000 square foot neighborhood shopping center located in Stafford, Virginia for $22.3 million. Andy Stape, Mat Adler […]

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FINMARC MANAGEMENT, INC. AND SPMC URBAN PROPERTIES SELL 32,857 SQUARE FOOT RETAIL BUILDING IN McLEAN, VA FOR $22 MILLION

Two-story project at 8209 Watson Street is 100% leased to Recreational Equipment, Inc. Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, in partnership with SPMC Urban Properties, has announced the sale of 8209 Watson Street, a retail building in McLean, Virginia containing 32,857 square feet of space. The companies sold the property to […]

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FINMARC MANAGEMENT, INC. ACQUIRES TWO-BUILDING, 150,000 SQUARE FOOT OFFICE PORTFOLIO IN ALEXANDRIA, VA FOR $31.5 MILLION

Waterfront Center I & II positioned one block from the Potomac River on the Alexandria waterfront Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the purchase of Waterfront Center I and II, a two-building office portfolio in Alexandria, Virginia containing more than 150,000 square feet of commercial office space. The company […]

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FINMARC MANAGEMENT SELLS 50,000 SQUARE FOOT OFFICE BUILDING IN VIENNA, VA TO NAVY FEDERAL CREDIT UNION FOR 3.1 MILLION

Building situated at 1021 Electric Avenue is currently unoccupied   Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of 1021 Electric Avenue, a 50,000 square foot commercial office building located in the Vienna section of Northern Virginia for $3.179 million to Navy Federal Credit Union. Scott Frankel and David […]

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FINMARC MANAGEMENT, INC. PURCHASES AN 85-UNIT RESIDENTIAL BUILDING IN N. VIRGINIA FOR $39.88 MILLION

Building, situated at 3409 Wilson Boulevard in Rosslyn/Ballston Corridor, will be converted into condominium units at the conclusion of $6 million improvement program  Finmarc Management, Inc., a commercial real estate firm headquartered in Bethesda, Maryland, has announced through a joint venture the purchase of 3409 Wilson Boulevard, an 85-unit former AKA Luxury Suites Residences located […]

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FINMARC MANAGEMENT SELLS SILO INN SHOPPING CENTER IN MONTGOMERY COUNTY FOR $17.42 MILLION

Neighborhood center in Olney anchored by Roots Market grocery store Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of the Silo Inn Shopping Center, a 28,072 square foot neighborhood retail center in the Olney section of Montgomery County, Maryland for $17.42 million. Taylor Georgia, LLC, a real estate investment […]

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FINMARC MANAGEMENT SELLS 216,000 SQUARE FOOT BUILDING IN LANDOVER TO SALUS PROPERTY INVESTMENTS FOR $31.65 MILLION

Property utilized as warehouse and specialty storage facility for Library of Congress  Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of 1701 Brightseat Road, a 216,000 square foot warehouse building in the Landover section of Prince George’s County, Maryland for $31.65 million. Marc Rampulla, Scott Frankel, Marcy Owens Test […]

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FINMARC MANAGEMENT ACQUIRES NINE-BUILDING, 342,000 SQUARE FOOT PORTFOLIO IN WASHINGTON, D.C. SUBURB FROM FIRST POTOMAC REALTY TRUST FOR $33 MILLION

Portfolio in Gaithersburg, Maryland features mix of flex, office, retail and warehouse Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the acquisition of a nine-building, 342,000 square foot portfolio positioned in the City of Gaithersburg in Montgomery County, Maryland, from First Potomac Realty Trust for $33 million. The group of buildings, […]

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FINMARC MANAGEMENT SELLS 58-ACRE PORT COVINGTON RETAIL DEVELOPMENT IN BALTIMORE FOR $35 MILLION

Shifting retail patterns in City, combined with emergence of waterfront site as possible mixed use development, suggest potential for repurposing opportunity    Finmarc Management, Inc., a Bethesda, Maryland-based commercial real estate firm, has announced the sale of the Port Covington property in the southern section of Baltimore City for $35 million to 2701 Port Covington […]

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FINMARC MANAGEMENT, INC. SELLS 120,000 SQUARE FOOT BUILDING IN PRINCE GEORGE’S COUNTY FOR $9.3 MILLION

Project is 100% leased to the Prince George’s County police department Finmarc Management, Inc., in partnership with Potomac Capital and Kodiak Properties, has announced the sale of 1739 Brightseat Road, a 120,427 square foot office/flex building located in the Upper Marlboro section of Prince George’s County, Maryland for $9.3 million to Prince George’s County Government. […]

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FINMARC MANAGEMENT, INC. ACQUIRES FORMER SYMS STORE ON 11-ACRES IN CHERRY HILL, NJ

Bethesda-based company monitoring current and emerging real estate environment to determine short-term and long-term leasing and development program       Finmarc Management, Inc. has announced the acquisition of a 150,000 square foot retail building formerly occupied by Syms a Store, situated on eleven acres for $4.75 million. The property is centrally located at 1865 East […]

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FINMARC MANAGEMENT, INC. ACQUIRES FORMER SMITH LITHO BUILDING IN ROCKVILLE, MD FOR $5.87 MILLION

New owner plans to invest more than $2 million in renovations and improvements  Finmarc Management, Inc., through an affiliated entity, has acquired the former Smith Litho building, an 80,000 square foot flex building contained in the Rockville section of Montgomery County for $5.87 million. Kenneth Fellows and Robert Pugh, principals of Edge Commercial Real Estate […]

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FINMARC MANAGEMENT SELLS THE SHOPPES OF BURNT MILLS TO REGENCY CENTERS FOR $13.6 MILLION

31,300 square foot center in Silver Spring anchored by Trader Joe’s    Four Corners, LLC, an affiliated entity of Finmarc Management, Inc. has sold The Shoppes of Burnt Mills, a 31,300 square foot neighborhood shopping center in Silver Spring, Maryland for $13.6 million. The new owner is Regency Centers, a national owner, operator and developer of […]

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FINMARC MANAGEMENT INC. ACQUIRES RED LION SHOPPING CENTER FOR $31.4 MILLION

Finmarc Management Inc. in a joint venture with New York based Katz Properties LLC is pleased to announce the acquisition of Red Lion Shopping Center in Philadelphia, PA for $31.4 million.   “Red Lion Shopping Center is an excellent addition to our growing portfolio of shopping centers. Given today’s real estate market, we are very […]

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