Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Friday, 14 February 2020

2 Suburban Washington, D.C., Offices Sell for $46.5Mln

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Innovatus Capital Partners has paid $46.5 million, or $228/sf, for the Lakeview East and West office buildings with a combined 204,000 square feet in the Washington, D.C., suburb of Ashburn, Va.

The New York investor bought the buildings from a venture of MRP Realty of Washington and the Brookdale Group of Atlanta in a deal brokered by NKF Capital Markets. Lincoln Property Co. will lease and manage the neighboring buildings at 20130 and 20135 Lakeview Center Plaza.

The buildings, which opened in 2009, each have 102,000 sf on four floors. They are 96 percent leased to tenants that include the Fellows Initiative, HSP Direct, Akinnovate and Abich Financial Services.

The buildings are part of the Lakeview at University Center mixed-use property, which also has a 130-room SpringHill Suites hotel and retail space. They are 10 miles north of Dulles International Airport and 35 miles west of Washington.

Comments? E-mail Tim Casey or call him at (267) 397-3347.



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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Washington
  • States: District of Columbia
  • Sector: Office
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 million
  • Private: No
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Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

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