Welcome to AMR Commercial Real Estate
AMR Commercial, LLC. ("AMR") was founded in 1994 in Bethesda, Maryland by John C. Alexander, William K. Montrose and Mark D. Rittenberg to provide commercial real estate services to tenants, owners, and investors in the Greater Washington D.C. Metropolitan area (Maryland, the District of Columbia, and Northern Virginia).
The three principals at AMR have a combined total of over sixty years of commercial real estate experience and have witnessed first hand numerous cycles over the past twenty (20) years. We are a mid-size firm in number but large with respect to the number of transactions we have completed.
Placing and understanding the client’s needs first and foremost is what AMR does best. Whether it is negotiating the most favorable lease terms for a tenant, unlocking the full potential of an office building for a property owner, or discovering hidden value for an investor, our goal is to understand the client’s business and expectations before creating and implementing a systematic plan tailored to the specific needs of the client.
We accept nothing but the highest level of service, commitment and honesty from our leasing and sales teams. When it comes to locating space for tenants, regardless of the size or objective, AMR will execute a real estate plan which is mindful of everything from future growth to an improved bottom line.
Alex Alperstein has been promoted to Vice President.
4833 Rugby Avenue Gets New Tenant
Earth Touch Studios is moving their U.S. production studio into a full floor at the Draiman Office Center. Mark Rittenberg represented the landlord, Draiman Properties.
The Tysons based communication and information technology company recently signed a renewal and expansion that will grow their presence in 8330 Boone Boulevard to 14,000 square feet. Bill Montrose and Sam Farnum represented MicroTechnologies.
Takoma Theater Sells
Purchaser Rock Creek Property Group paid $2.2 million for the historic theater located at 6833 4th St. NW, Washington. Alex Alperstein was the sole broker in the transaction.
Jemal pays $5.8 million for Bethesda Gas Station
Douglas Jemal purchased approximately 9,500 square feet of land that is currently home to the Auburn Exxon gas station located at 7975 Old Georgetown Road. Arthur Benjamin and Zach Dubin represented Jemal in the transaction.
Rare Georgetown Sale
1413 Wisconsin Avenue in sought-after Georgetown recently sold. NG Georgetown Realty paid $3.3 million for the 6,000 square foot mixed-use building that is home to Reddz Trading on the first floor. Zach Dubin and Arthur Benjamin represented the seller.
CORE Network Selects Bill Montrose as Chairman
The international network of independently owned commercial real estate firms has elected Bill to serve as the national chairman for the coming year.
VIKA Maryland Continues to Grow
The Germantown, Maryland civil engineering firm has signed a lease that now gives them 18,000 square feet at 20251 Century Boulevard. Jack Alexander represented VIKA in the transaction.
Keller Benefit Renews in Bethesda
The insurance consultants will continue to call 7316 Wisconsin Avenue home, as they recently renewed their lease for approximately 8,000 square feet. Jack Alexander and Mark Rittenberg represented the landlord, The Chevy Chase Land Company of Montgomery County, Maryland.
Multi-Family Sells for $2.9 Million
Community Realty Company purchased 1401 Tuckerman Street, NW. The 29-unit building was fully occupied at the time of the sale. Sam Farnum and Tyke Papanicolas were the sole brokers in the transaction.
SunEdison Adds Another Floor
The world’s largest alternative energy company leased another floor and a half at 7550 Wisconsin Avenue in Bethesda. They now lease over 50,000 square feet. Mark Rittenberg represented SunEdison.
1300 Spring Street Lands 15,000 S.F. Tenant
HIAS, the Jewish refugee aid agency, will bring its 50 employees to the Silver Spring building owned by The Bernstein Companies. Bill Montrose and Zach Dubin represented The Bernstein Companies.
80,000 Square Feet of TDRs Trade in Northeast, DC
An entity related to Ronald D. Paul Companies bought the development rights to use at a development at One Florida Avenue, NE. Arthur Benjamin was the sole broker in the transaction.
Silver Spring Building Sells
8611 Second Avenue was purchased by the Goddard School. The 26,000 square foot building sold for $5 million. Bill Montrose and Alex Alperstein represented the seller.
4th QUARTER 2014 NEWS
Future Development Site Sells in NE Washington
The Exxon at 2230 New York Avenue NE was recently sold to the Ronald D. Paul Companies. The property, located at the corner of New York Avenue and Bladensburg Road, traded for $12 million. Arthur Benjamin and Zach Dubin represented the seller, Capital Petroleum Group.
Woodmont Triangle Buildings Sell:
4934 St. Elmo Avenue, the longtime home of Bethesda Florist, was sold for approximately $1.9 million to The Lenkin Company, who also recently purchased the adjacent 4936 and 4938 St. Elmo for approximately $3.4 million. Jack Alexander represented The Lenkin Company in both sales.
Warehouse Sale in the District
2052 West Virginia Avenue in NE Washington was sold for $4,320,000 to purchaser, GH Development, LLC. Ted Kroos and Sam Farnum brokered the deal.
Laurel Medical Building Sold
Montpelier Office Center at 9811 Mallard Drive recently sold for $3.4 million to buyer Bristol Capital. Greg Gosnell represented the seller.
Jemal Picks up 1601 New York Avenue NE
Currently a Shell gas station, the property traded for $2.7 million. Arthur Benjamin and Zach Dubin represented the seller, Capital Petroleum Group.
507 N. Frederick Avenue Trades
The 10,500 square foot building sold for $1,950,000. This is the second time Bill Montrose has sold this building on behalf of the then current owner.
NE Washington Assemblage Grows
1122 Bladensburg Road was sold to Shorb Properties for $625,000. The 2,500 square foot lot will be added to Shorb’s adjacent holdings. Ted Kroos represented Shorb Properties.
Long and Foster Finds a New Home
The residential real estate power house recently signed a lease for approximately 5,000 square feet at 8737 Colesville Road in Silver Spring. Bill Montrose and Zach Dubin represented the landlord, a partnership controlled by Atlantic Realty Companies.
Capital Laser and Skin Care Joins The Collection at Chevy Chase
This state of the art skin care center has signed a lease for the 2nd floor of the premier destination for luxury shopping in the nation’s capital. Jack Alexander and Mark Rittenberg represented the owner, The Chevy Chase Land Company of Montgomery County, in the transaction.
The medical device maker recently leased approximately 12,000 square feet at 4350 East West Highway, Bethesda, Maryland. Mark Rittenberg and Zach Dubin represented Telcare.
Bank of America Renews Flagship Location
The longtime anchor tenant at 7316 Wisconsin Avenue in Bethesda has renewed its lease with landlord, The Chevy Chase Land Company of Montgomery County. Jack Alexander represented the landlord in the transaction.
3rd QUARTER 2014 NEWS
Shoppes of Bethesda Welcomes Four New Tenants
Along with its $1 million renovations, the Bethesda retail center has recently signed SoulCycle, Noodles and Co, Dunkin’ Donuts and Tako Grill to bring the center to 100% leased. Mark Rittenberg represented the landlord in these transactions.
20,000 S.F. Lease at 1300 Spring Street
Silver Spring based Associated Insurance Management (AIM) is relocating its corporate headquarters to the Class A building in downtown Silver Spring. The building is now 98% leased. Bill Montrose and Zach Dubin represent owner, The Bernstein Companies.
2nd QUARTER 2014 NEWS
Sam Farnum Joins AMR
The commercial real estate veteran represents tenants and investors primarily focused on the Washington DC market.
Montgomery Animal Hospital on the Move
The Rockville based veterinarian practice has signed a lease for the entire building at 5401 Randolph Road. Mark Rittenberg was the sole broker in this transaction.
FP1 Strategies Lands in Dupont Circle
The high profile public affairs and advertising firm has leased 7,500 square feet at 1826 Jefferson Place, NW, Washington. Bill Montrose represented FP1.
SurgCenter Continues Growth
The outpatient surgical center has leased space for a new 7,000 square foot facility at 6430 Rockledge Drive in Bethesda. Bill Montrose represented SurgCenter.
Gunnison Consulting Opens Virginia Office
The Chevy Chase based government contractor recently signed for 4,500 square feet at 2760 Eisenhower Avenue in Alexandria. Jack Alexander represented Gunnison.
7th Hill Pizza Opening Second Location
The popular Capitol Hill eatery has signed a lease to open another location at 4885 MacArthur Blvd, NW, Washington. The 3,000 square foot restaurant and wine bar is slated for a November opening. Mark Rittenberg and Arthur Benjamin represented the landlord.
SunEdison Leases 33,000 Square Feet
The NYSE traded company has signed as the lead tenant at Akridge Development’s new 7550 Wisconsin Avenue in downtown Bethesda. Mark Rittenberg represented SunEdison.
Washington Analysis Inks Renewal
The political and economic analysis firm recently renewed its 6,500 square foot lease at 1120 Connecticut Avenue, NW, Washington. Alex Alperstein represented Washington Analysis.
Smathers & Branson Renews/Expands
The clothing retailer recently signed a new 6,400 square foot lease to stay at Westwood Center II in Bethesda. Jack Alexander represented the landlord, Equity One.
Long and Foster Sells Building
A partnership headed by P. Wesley Foster recently sold 9094 Baltimore Avenue. The building traded for $1,550,000. Zach Dubin and Mark Rittenberg represented the seller.
NE Washington Development Site Sells
2300 4th Street, NE, Washington traded for $1,525,000. The redevelopment of the existing convenience store will yield a new 18,000 square foot mixed use project. Ted Kroos was the sole broker in this transaction.