Cambridge Holdings News and Press Releases | Real Estate Articles Northern Virginia

February 16, 2012

1100 G Street, NW

Cambridge is pleased to have been appointed as Leasing Agent and Property Manager of 1100 G Street, NW. A 105.,000 SF Office Building with up to 45,000 square feet available.

February 2, 2012

Cambridge is pleased to Announce that in the last 90 days it has negotiated leases totaling 58,514 square feet at Maryland Trade Center including a 34,880 square foot renewal with Lockheed Martin Corporation.

February 1, 2012

Versar, Inc.

Cambridge is pleased to announce that is has represented Springfield Realty Investors, LLC in negotiating a lease renewal with Versar, Inc.

April 8, 2011

Over in Greenbelt

Monday at Cambridge's broker lunch at Maryland Trade Center in Greenbelt, we snapped Cambridge president Mike Scott (with CEO Andrew Czekaj) who says the firm aims to boost lease-up at the two-building center from 88% to 95% so it can qualify for a long-term refi. The day's 70-degree weather reminded Mike of Cambridge's first project in Miami: a $50M DEA testing facility that delivers this summer.

February 8, 2011

NAIOP Dealmakers as of February 8, 2011

Mixed Use: Cambridge Announces Acquisition of 1501 Moran Road Cambridge represented 1501 Moran Road LLC in the acquisition of the note and Right of Foreclosure from General Electric Capital Corporation for $7M. Office: Cambridge Acquires Sudley North Business Center Building D Cambridge Property Group on behalf of PWH I LLC, acquired Sudley D, a 2-story suburban office building comprised of 69,374 rentable SF in Manassas, Virginia.

February 3, 2011

2.3.11:: Cambridge Announces the Acquisition of Sudley North Business Center Building D in Manassas, VA for $13,050,000

Cambridge Property Group LLC on behalf of PWH LLC, is pleased to announce the acquisition of Sudley D, a 2-story suburban office building comprised of 69,374 rentable square feet located in Manassas, VA. The building is fully leased long term to the Prince William County Board of Supervisors for the Department of Community Services, which provides many vital services to the residents of Prince William County. The property is situated on a 5.52 acre parcel in the Sudley North Business Center in the heart of the City of Manassas off of route 234.

January 20, 2011

Scrumdidilyumptious

Yesterday, Cambridge Property president Mike Scott, right, with COO Randy Jaegle in Herndon, told us Cuisine Solutions' parent company has purchased the note and right of foreclosure on a 160k SF warehouse and office at 1501 Moran Road (18 acres in Sterling) for $7M.

January 13, 2011

The Word In The West End

Cambridge Property Group affiliate Galaxy LLC and Westport Capital Partners have acquired 1250 23rd Street, NW for just under $300/SF. The 21-year-old, Class-A office building was renovated in 2010 and had been vacant for two years, though two tenants moved in in November to bring the 128,600 SF up to 60% occupied.

January 13, 2011

Cambridge, Westport Make D.C. Value-Added Play

Cambridge Property Group and Westport Capital Partners have acquired 1250 23rd Street in Washington, D.C. from Brookfield Office Properties for $36.7 million, or around $300 per square foot. The partners purchased the recently renovated West End office as a value-added play, as it is only 60% leased. Pricing is well below a number of other recent Washington office sales, which have ranged from $600 to $900 per square foot.

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Phone: 703.709.8866
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Phone: 301.982.3112
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