FOURTH QUARTER 2011
Holy Cross Hospital
Holy Cross Hospital of Silver Spring leased approximately 6,500 square feet of office space at
13975 Connecticut Avenue for a new primary care center.
Jack Alexander represented the landlord in this transaction.
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New Headquarters for WashingtonFirst Bank
Reston-based WashingtonFirst Bank has moved into approximately 8,500 square feet at Two
Fountain Square in Reston Town Center.
Mark Rittenberg represented WashingtonFirst Bank.
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9853 Brook Road Sells for $3.55 Million
The Glen Allen, Virginia shopping center is fully leased to tenants including Starbucks,
GameStop, and Papa John's.
Rick Kelly and Bill Montrose represented the purchaser.
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United Therapeutics Buys another Silver Spring Building
Add 1109 Spring Street to the list of buildings recently acquired by the growing pharmaceutical
company. The 54,000 square foot building traded for $5.4 million.
Bill Montrose represented United Therapeutics.
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Gaithersburg Warehouse Sells
7851 Beechcraft Avenue sold for $480,000. The 3,800 square foot building is located in the
Montgomery Airpark.
Rick Kelly represented the purchaser in this transaction.
THIRD QUARTER 2011
7316 Wisconsin Avenue Signs Law Firm
Brown and Gould leased approximately 8,000 square feet in the building owned by The Chevy Chase Land Company.
Jack Alexander, Mark Rittenberg and Zach Dubin of AMR Commercial represented the landlord.
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Apex Renews at Crabbs Branch Way
Environmental services provider Apex Companies, LLC. renewed its 15,000 square foot lease at 15850 Crabbs Branch Way in Rockville, MD.
Jack Alexander of AMR Commercial represented Apex in the transaction.
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Media One Communications Leases Radio Station Space
Media One Communications signed a lease at The World Building in Silver Spring, Maryland.
Bill Montrose and Zach Dubin of AMR Commercial represented the Landlord, Royco, Inc., and Tyke Papanicolas of AMR Commercial represented the Tenant.
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Two More Locations for SurgCenter Development, LLC.
With the signing of a 7,000 square foot lease in Hagerstown and a 5,100 square foot lease in Leonardtown, SurgCenter Development has now opened four Maryland locations in 2011.
Bill Montrose of AMR Commercial represented SurgCenter in both transactions.
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C2 Technologies Renews
Defense contractor C2 Technologies renewed its 21,117 square foot lease at 1921 Gallows Road, Vienna.
Bill Montrose of AMR Commercial represented the tenant in this transaction.
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1723 Connecticut Avenue Sells
The fully leased, three story building in Dupont Circle traded for $2.8 million.
Mark Rittenberg and Zach Dubin of AMR Commercial represented the seller.
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Gaithersburg Condo Sales
An 8,100 square foot office condominium located at 610 Professional Drive was sold for $1.1 million. A 4,500 square foot flex condominium located at 6-14 Cessna Court was sold for $642,500.
Rick Kelly and Bill Montrose of AMR Commercial represented the seller in both transactions.
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1421 Florida Avenue NW Sells to Developer
Blackrock Development purchased 1421 Florida Avenue, NW, Washington, DC. The site will be redeveloped as residential condominiums.
Bill Montrose of AMR Commercial was the sole broker in the transaction.
Second Quarter 2011
United Therapeutics Buys Warehouse Pair
Biotechnology company United Therapeutics just purchased a pair of warehouse buildings located at 8821 and 8827 Brookeville Road in Silver Spring, Maryland. The Minna B. Koster Living Trust parted with the buildings, which total 23,320 square feet on just over an acre of land, for $3.85 million.
Bill Montrose of AMR Commercial was the sole broker in the transaction.
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5301 Marinelli Signs St. Coletta of Greater Washington
St. Coletta of Greater Washington signed a lease for approximately 14,000 rentable square feet at 5301 Marinelli Road in Rockville, Maryland.
Jack Alexander of AMR Commercial represented the Landlord, The Chevy Chase Land Company of Montgomery County, Maryland.
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Ashton Hardware Plans Expansion
AMR Commercial, LLC. brokered the sale of 500 Olney Sandy Spring Road located in Sandy Spring, Maryland. Lansdale Investments, LLLP. sold the 2-acre site to the owners of Christopher’s Ashton Paint and Hardware who have already begun renovations which will enable them to expand their hardware store four-fold.
Jack Alexander of AMR Commercial was the sole broker in the transaction.
First Quarter 2011
The B.F. Saul Company paid the Holladay Corporation just over $33 million for the 63,886 square foot Metro Pike Center on Rockville Pike, which is 87 percent leased to 22 tenants and includes a land parcel leased to McDonald's.
Jack Alexander and Mark Rittenberg of AMR Commercial were Brokers in the transaction.
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AMR Commercial, LLC. brokered the sale of 4905 Hampden Lane located at the corner of Woodmont Avenue and Hampden Lane in Bethesda, Maryland. The site consists of approximately 30,000 square feet of gross tract area. A multi-family building of approximately 109,000 square feet is planned for the site. The buyer is an entity controlled by Ronald D. Paul.
Arthur Benjamin, Sr. Vice President of AMR Commercial was the sole broker in this transaction.
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Zachary Dubin has been promoted to Vice President. Mr. Dubin specializes in office and retail leasing and sales and has been with AMR Commercial since August 2008.
September 2010
AMR COMMERCIAL, LLC. is pleased to announce that Ted Kroos has joined our firm as Vice President. Ted brings over twenty-five years of commercial real estate experience to the AMR team. Ted’s knowledge of the Baltimore/Washington corridor market is second to none plus he also has extensive experience in Montgomery County and Northern Virginia. He will be providing tenant and landlord services throughout the region.
Haverty Furniture Renews at Rockville Pike
Haverty Furniture Companies, Inc. signed a ten year lease renewal for their 35,000 square foot store at 1428 Rockville Pike.
Jack Alexander represented the Landlord, The Alvin F. Kimel Marital Trust.
7316 Wisconsin Avenue Signs RP3
RP3, LLC recently signed a lease for approximately 6,000 square feet at 7316 Wisconsin Avenue, Bethesda.
Jack Alexander, Mark Rittenberg and Zach Dubin exclusively represent the Landlord, The Chevy Chase Land Company. An additional 12,500 square feet will be available for lease 1st quarter 2011.
Shoppes of Bethesda Welcomes New Tenants
Bella Italia and The Waygoose have both relocated to the Shoppes of Bethesda, bringing the center to 100% occupancy.
Mark Rittenberg was the sole broker in both transactions.
Units Sell at the Executive
Bill Montrose and Rick Kelly represented the Seller in two separate transactions totaling approximately 7,000 square feet.
The five unit block is the largest block of units sold in The Executive this year.
Surg Center Purchases in Salisbury
Surg Center Development purchased a 10,000 square foot office building for an orthopedic outpatient facility.
Bill Montrose has now represented Surg Center Development in six separate transactions.
First Quarter 2010
Greater Washington Commercial Association of Realtors® 15th Annual Commercial Awards
GWCAR named its top agents in finance, development, sales, and leasing for 2009 at the Fifteenth Annual Commercial Awards Dinner on Thursday, March 25 at the Mayflower Hotel in Washington, DC. John C. Alexander of AMR Commercial achieved Multi-Million Dollar Leasing Club Winner (15 year Qualifying Life Member) and Multi-Million Dollar Sales Club Winner (6 year Qualifying Life Member), and ranked 8th as Top Maryland Sales Agent. Mr. Alexander was the only Broker recognized in both the leasing and sales category.
SunTrust Renews 20,000
Square Feet in Rockville
John C. Alexander of AMR
Commercial recently represented
Atlanta based SunTrust Bank in
the renewal of 20,000 square feet
of office space at 1445 Research
Boulevard, Rockville, MD.
InsersoLeases 8,000 Square
Feet in West End
Government Contractor Inserso,
Inc., represented by Mark
Rittenberg of AMR Commercial,
leased approximately 8,000
square feet at 919 18thStreet,
N.W., Washington, D.C.
Giant Food Renews 55,000
Square Feet in Bethesda
John C. Alexander represented
landlord Capital Properties in the
renewal of a 55,000 square foot
Giant Food store in Bethesda,
MD.
Atlantic Realty Sells More Units
at Quince Tree
Handwriting Without Tears
purchased two condominium units
at 806 West Diamond Avenue,
Gaithersburg, Maryland. Bill
Montrose and Mark Rittenberg
represented Seller, Atlantic
Realty. The sale brings the total
number of units sold in the project
to 22.
Rite Aid Renews at Westwood
Shopping Center
John C. Alexander represented
landlord Capital Properties in the
renewal of a 9,500 square foot
Rite-Aid Pharmacy at the
Westwood Shopping Center in
Bethesda, MD.
Zachary Dubin has been promoted to Senior Associate. Mr. Dubin specializes in office and retail leasing and sales and has been with AMR Commercial since August 2008.
December 2009
AMR COMMERCIAL, LLC. was the sole broker in the $7,575,000 sale of a 16 acre site located at 6631 – 6655 Baltimore National Pike, Catonsivlle, Maryland. The property will go through an extensive renovation and will be the home of Mercedes-Benz of Baltimore in 2010. The purchaser was Rafih Automotive Group, Inc. and the seller was H-K Real Estate Holdings, Inc., an entity of Antwerpen Automotive.
October 2009
AMR COMMERCIAL, LLC. is proud to be a Silver Medalist Sponsor for the Hebrew Home of Greater Washington's Home Run 10K/5K and Fun Run Sunday, October 18 in Rockville, Maryland. The Home Run 10K/5K and Fun Run is a community event to raise money for the Hebrew Home of Greater Washington and the Jewish Foundation for Group Homes.
The following excerpt has been taken from the Montgomery Newsletter, an independent, bi-weekly newsletter on real estate development:
10/12/2009
“…An ambulatory surgery center is locating at 1330 Piccard Drive. The Piccard Surgery Center took 7,000 square feet recently at the Alexandria Real Estate-owned building. The surgery center is one of the dozens of locations opened by Surg Center Development. The 131,000 foot Rockville building has about 16,000 feet of second floor lab space available, as well as 7,500 feet of shell space. AMR Commercial brought the tenant...”
June 2009
AMR COMMERCIAL, LLC. is proud once again to be the Presenting Sponsor for The Greater Bethesda-Chevy Chase Chamber of Commerce's 7th Annual Real Estate Update on June 12th.
Keynote Speakers will include Royce Hanson, Chair of the Montgomery County Planning Board as well as Steve Silverman, new Montgomery County Director of Economic Development.
May 2009
BETHSADA, MD- Montgomery County, Maryland recently opened a liquor store in The Shoppes of Bethesda located at 4920 Hampden Lane. The County has signed a 10-year lease with Draiman Properties for 5,000 square feet previously occupied by Rocky's Video.
Tyke Papanicolas, Sr. Vice President, represented the Tenant and Mark Rittenberg, Principal, represented the Landlord in this transaction.
January 2009
AMR COMMERCIAL, LLC, established in 1994, proudly celebrates 15 years of service.
The following excerpt has been taken from the Montgomery Newsletter, an independent, bi-weekly newsletter on real estate development:
1/19/2009 - United Therapeutics Is King of the Corner
Checkmate. United Therapeutics has claimed all four corners of the intersection of Spring Street and Cameron Street in Silver Spring.
The firm, which is building a new headquarters at the intersection, settled two transactions recently that gave it control of the final corner, at 1015 Spring. It bought a 17,000 square foot medical building sitting on just about half an acre of C-O ground for $3.23 million. Then it acquired a pair of adjacent wooded lots, zoned residential and totaling 15,381 square feet, for $560,150.
UT is one of the county's biotech golden boys... and is now mid-way through a program that will include a sky-high walkway connecting two buildings on either side of Cameron Street. Ultimately it plans about 190,000 square feet at its urban campus. Bill Montrose of AMR Commercial brokered the two deals...
October / November 2008
THE FOLLOWING EXCERPTS have been taken from the Montgomery Newsletter, an independent, bi-weekly newsletter on real estate development:
11/10/2008 - Bethesda Condo Sells
A condo office unit at 'Main and Main' in Bethesda traded for $449.80 a foot.
The Mark Lai 7508 Wisconsin Avenue, LLC paid $1.40 million for one of the units at 7508 Wisconsin, close to the Bethesda Metro and near the intersection with Old Georgetown.
...Bill Montrose of AMR Commercial brokered the deal.
10/27/2008 - Contractor Makes Six-Unit Condo Buy
Government contractor and tech firm AINS Inc. picked up six condominiums in 806-818 West Diamond Avenue in Gaithersburg.
The firm paid $2.4 million for 9,195 square feet of office space and a small storage unit in the Gaithersburg project, or about $265 per square foot.
Seller Atlantic Realty, now about 50 percent sold out, has beefed up the lobby, landscaping and common areas during its tenure. AINS moved from 1355 Piccard Drive, and settled the deal in the midst of the lending freeze. It financed the acquisition with a loan from BB&T. Bill Montrose and Mark Rittenberg of AMR Commercial brokered the deal.
September 2008
AMR COMMERCIAL, LLC. has brokered land parcels in excess of 85,000 square feet in Greater Bethesda for the JBG Companies. This assemblage will yield an approximate 400,000 - 500,000 square feet of mixed use development. The land and buildings encompassed the following properties and four different ownership groups: 7900 Wisconsin Avenue (Aldon-Gerber Partnership); 8003 Woodmont Avenue (Chin Partnership); 7938-7944 Wisconsin Avenue, 8000 and 8002 Wisconsin Avenue, 8011 Woodmont Avenue (Plank Incorporated); and 8013 Woodmont Avenue, 8004 Wisconsin Avenue, and 8006 Wisconsin Avenue (Surplus Associates Limited Partnership).
Jack Alexander, President of AMR Commercial, LLC., and Senior Vice Presidents Arthur Benjamin and Tyke Papanicolas have worked on this assemblage for over five (5) years.
August 2008
AMR COMMERCIAL, LLC. is pleased to announce that Zachary Dubin has joined our firm as Associate.
July 2008
AMR COMMERCIAL, LLC. Lists the Eugene B. Casey Building
Gaithersburg, MD – Casey Management, Inc. has chosen AMR Commercial, LLC. to be its exclusive leasing agent for the Eugene B. Casey Building located at 800 S. Frederick Avenue in Gaithersburg, Maryland. The 65,000 square foot Class A office building, built in 1990, features an on-site fitness center, café with outdoor seating and secured covered parking.
Mark Rittenberg and Rick Kelly will be handling the assignment.
April 2008
AMR COMMERCIAL, LLC. Brokers Two Sales
Washington, D.C. - Bethesda, Maryland based AMR Commercial, LLC. brokered two multi-family transactions in Northwest Washington, D.C. totaling over $22 Million. A private investment group has acquired "The Sedgewick," an 89-unit apartment building at 1722 19th Street, N.W., for $13.35 Million. The same group also purchased "The Shelbourne," a 63-unit apartment building at 1631 S Street, N.W., for $8.7 Million. Calomiris Group Limited Partnership was the seller.
James "Tyke" Papanicolas with AMR Commercial, LLC. was the sole broker in both transactions.
February 2008
THE FOLLOWING EXCERPS have been taken from the Montgomery Newsletter, an independent, bi-weekly newsletter on real estate development:
2/18/2008 - IPM Claims Ex-FDA Space
...In other activity, an investor bought 12022 Parklawn Drive and will occupy the bulk of it. Hess Properties LLC, headed by Thom Hess, paid $3.05 million for the 13,400 square foot Rockville building and will install ACM Services in it. The building breaks down into about 10,100 feet of office and 3,300 feet of warehouse. About 4,000 feet of office space will remain available. Rick Kelly of AMR Commercial represented Hess and will handle the remaining leasing duties...
2/4/2008 - Second Avenue Building Going Condo
A new project will try to tap into the demand for office condominiums in Silver Spring. Paying $5.5 million, Symmetry LLC bought 8611 Second Avenue and will convert it to owner occupied units. The approximately 26,000 square foot building sits just off Spring Street, next to the new headquarters underway for Easter Seals... AMR Commercial's Bill Montrose, who represented Second Genesis... said that bidding for the building was strongest among users and condo redevelopers...
January 2008
AMR Commercial, LLC. is pleased to announce that Brian Wood has been promoted to Senior Associate. AMR Commercial, LLC. is pleased to have been chosen by The CORE Network (http://www.corenetworkcre.org/) to be its Maryland, Northern Virginia and Washington, D.C. network partner. The CORE Network is an over seventy (70) member strong network of locally owned commercial real estate companies located across the country and internationally that are selected to provide local expertise to member clients on a regional, national and international basis.