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ING Clarion awards CBRE exclusive leasing agency for Park Tower

CBRE’s Brokerage Services team in McLean, Virginia, was recently awarded the exclusive leasing agency for Park Tower. Owned by ING Clarion, Park Tower is a 335,000-sq.-ft. trophy building located at 2980 Fairview Park Drive in Falls Church, Virginia. The CBRE team of David Gast and Malcolm Schweiker recognized that the building was under-marketed and sought to proactively show ING Clarion the building’s potential. The team aggressively pursued the business by creating and executing a marketing plan that included rebranding the building and renaming it Park Tower. Each week, the team sent the owner a new marketing piece built on a concept of class, sophistication and elegance. ING Clarion was impressed with the team’s creative and tenacious approach and awarded CBRE the assignment.

CBRE awarded leasing agency for 700,000-sq.-ft. Regency Centers portfolio

Regency Centers recently awarded CBRE’s Washington, DC, Retail team—comprised of Michael Zacharia, Lance LJ Marine, Thomas Jackman and Wright Sigmund—the exclusive leasing agency for a 700,000-sq.-ft. portfolio, located throughout the Washington, DC, region. The portfolio consists of six high-profile grocery-anchored shopping centers, which offer anchor, inline and pad site availability. This is the first time the national REIT has awarded a major leasing assignment in the Washington, DC, region to a third-party commercial real estate services firm.

Piedmont Office Realty Trust Inc. appoints CBRE leasing agent for Piedmont Pointe I and II in Bethesda, MD

Piedmont Office Realty Trust Inc. recently appointed CBRE excusive leasing agent for Piedmont Pointe I and II in Bethesda, Maryland, the largest block of contiguous vacancy in the State of Maryland. The two-building newly constructed Class A complex—located at 6720-A and -B Rockledge Drive—totals 414,209 sq. ft. and is located in Rock Spring Park, home to Marriott and Lockheed Martin Corp.’s headquarters. Piedmont chose CBRE after a nearly two-year long aggressive pursuit that highlighted the firms dominate market experience and knowledge.  Piedmont was looking to re-energize its leasing process and felt that CBRE was better acquainted with the Bethesda market than incumbent firm Jones Lang LaSalle. Piedmont purchased the complex in November 2007 from developer Opus East while the project was still under construction and fully vacant. The CBRE team—which consists of Dennis Owen, Ben Powell and Brad Wilner—is planning an aggressive marketing campaign to highlight the property’s new trophy construction, excellent amenities, prime location and opportunities for growth and expansion.  Click here to visit the Website.

CBRE team awarded leasing assignment for 350,000-sq.-ft. facility in Bethesda, MD

Larry Thau and Brad Wilner of CBRE's Bethesda, Maryland office recently collaborated with Scott Russi of the Washington, DC office to secure the leasing assignment for Chevy Chase Pavilion at 5335 Wisconsin Avenue in Bethesda. The 350,000-sq.-ft. mixed-use facility offers a unique combination of office, retail and hospitality opportunities in close proximity to the Washington, DC, market. The CBRE team approached building owner ING Clarion about available space due to come online, and discussed the advantages of leveraging CBRE’s platform and the combined market knowledge of the Bethesda and Washington, DC, leasing teams. After six months of pursuing the business, CBRE was awarded the assignment and is currently marketing approximately 80,000 sq. ft. of office space.

CBRE Tysons Corner, VA, awarded exclusive sales and leasing assignment for 360-acre mixed-use project in Loudoun County, VA

CBRE’s Tysons Corner, Virginia, office was recently awarded the exclusive sales and leasing assignment for One Loudoun, a 360-acre mixed-use project in Loudoun County, Virginia. One Loudoun is being jointly developed by The Meridian Group and Miller & Smith as a park-like, pedestrian-friendly complex featuring 3 million sq. ft. of Class A office space, 700,000 sq. ft. of retail space and 1,040 residential units. Notably, One Loudoun will also be the home of the World Trade Center Dulles Airport. Construction of One Loudoun is already underway, and finished pad sites are expected to be delivered at the beginning of next year. The CBRE professionals responsible for securing this assignment are Jeff Roman, Erik McLaughlin, Carter Byrnes, John Ryan and Joe McDonnell.

CBRE awarded disposition of 3.8 million-sq.-ft. industrial portfolio located in Baltimore, Maryland; Chicago, Illinois; and Memphis, Tennessee

CBRE was awarded the disposition of a 3.8 million-sq.-ft. industrial portfolio consisting of 16 institutional-quality bulk distribution and light industrial buildings located in Baltimore, Maryland; Chicago, Illinois; and Memphis, Tennessee. Approximately half of the properties are situated along the I-95 Corridor in Maryland, with direct access to the Port of New Jersey, Port of Baltimore, Washington, DC and Philadelphia. The Chicago assets are located throughout the western suburbs, with proximity to O’Hare International Airport, and the Memphis assets are near Memphis International Airport and five major railroads. Jack Fraker, Mike Caprile, Ted Staszak, Jim Mercer, Bo Cashman, Josh McArtor and Conor Feeney are the sales professionals responsible for marketing this investment opportunity.

CBRE selected as exclusive retail services provider for Kidville in Chicago, Illinois; Baltimore, Maryland; and Westchester, New York

CBRE’s Retail Services teams in Chicago, Illinois; Baltimore, Maryland; and Westchester, New York, were recently selected as the exclusive retail services provider for Kidville. Kidville is a New York-based enterprise that takes the concept of a parent’s day out with their young child (aged one to five) and adds cooking, music, art and exercise classes to the equation, creating a fun and exciting learning experience for both parent and child. CBRE and Kidville professionals also met in Las Vegas at RECon 2008 (formerly the International Council of Shopping Centers annual convention) to discuss 15 additional markets that Kidville is interested in expanding into, with CBRE as its exclusive services provider. Kidville's real estate strategy is based on single hub (12,000 sq. ft.) and multi-spoke (3,500 sq. ft.) formats. Naveen Jaggi, Senior Managing Director of Retail Services Occupier Services for the Eastern Division, is the single point of contact for the account, responsible for the company's expansion.

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