Business Specialties Leasing
First Potomac Realty Signs 172,000SF Renewal with Smoot Lumber in Alexandria
July 7, 2008

First Potomac Realty Trust has signed a renewal lease with Stock Building Supply Inc. for approximately 172,000 square feet at 6295 Edsall Road in the firm’s Plaza 500 property located in Alexandria, Va. Smoot Lumber is the lead tenant at Plaza 500, occupying over a third of the property. This renewal will extend their tenancy at Plaza 500 to 2017. The property has access to I-95, I-395, and I-495. This property consists of two, single-story buildings, totaling approximately 504,000 square feet on 34 acres of land. Plaza 500 is home to fifteen tenants and is currently fully leased.

 
Recent Leasing Headlines
ProLogis Leases 460,000 SF in Shanghai
Oct. 07, 2008
ProLogis has announced it has leased a total of approximately 460,000 square feet to two customers in Shanghai, China In the Pudong submarket of Shanghai, at ProLogis Park Jinqiao,
Manhattan Office Market Reaches Uncharted Waters
Oct. 06, 2008
The flagship of the United States office investment and leasing market, Manhattan is now also at the heart of the financial crisis. The stunning events of recent weeks point to a new era for the economy, but experts differ about how the changes will play out in Manhattan’s commercial real estate market during the next several quarters and beyond.
CBRE Arranges 12,837-SF Lease in Manhattan
Oct. 01, 2008
CB Richard Ellis Inc. arranged both sides of a 12,837-square-foot lease at 5 Penn Plaza in New York City, where software vendor Microstrategy relocated within the building.
ProLogis Signs 2 Build-to-Suit Agreements with Home Depot
Sept. 29, 2008
ProLogis has signed two build-to-suit lease agreements with Home Depot, the company announced.
University Takes 48,300 SF of Biotech Space in San Diego
Sept. 26, 2008
A 48,200-square-foot biotech research building at 3525 John Jay Hopkins Court in San Diego has just been leased by the University of California San Diego.
 

 

ProLogis Lands on Two New Dow Jones Green Indices
October 03, 2008
By Judy Feldman, Contributing Correspondent -- ProLogis announced October 2nd that it has been included on the Dow Jones Sustainability Indices. These indices are the first to track the financial performance and viability of leading businesses worldwide known for their...

Colonial Properties Sells M-F Asset for $58M
October 03, 2008
By Judy Feldman, Contributing Correspondent -- Colonial Properties Trust has announced that it has completed the sale of Colonial Grand at Hunter's Creek, a 496-unit apartment community located in Orlando, Fla. The asset went for $57.7 million in net proceeds,...

KW, Guardian Life Partner on $84M San Jose Apartment Purchase
October 03, 2008
By Barbra Murray, Contributing Editor -- Beverly Hills-headquartered Kennedy Wilson Multifamily Management Group and New York City-based Guardian Life Insurance Co. of America have shelled out $84 million for Avalon at Blossom Hill, a 324-unit apartment property in San Jose,...

Lanesborough REIT Acquires Office, M-F Complex in Canada for $38M
October 03, 2008
By Elena Gontar, Staff Writer -- Lanesborough Real Estate Investment Trust has completed the previously announced $38 million acquisition of an apartment/office complex in Winnipeg, Manitoba, known as Colony Square. Lanesborough REIT had previously owned a 1.5 percent beneficial interest...

REal Talk with Adam Perrotta-Thursday
October 02, 2008
By Adam Perrotta --With all the talk of late about the financial slowdown and credit freeze, the past couple of days have seen a surprising amount of projects getting major financing. Just today and yesterday have seen Bozzuto getting a...

Management Matters with Mike Myatt: Partisan Politics Not Always Bad
October 03, 2008
The truth about partisan politics is that contrary to public opinion, it's not always a bad thing. Likewise, bipartisan efforts don't always reflect altruistic behavior and selfless acts. From my perspective, it isn't necessarily the stance you take, but rather...

Management Matters with Mike Myatt: Facing Up to Rogue CEOs
September 26, 2008
By: Mike Myatt, Chief Strategy Officer, N2growth --Rogue CEOs. Given the recent failures of banks and financial institutions previously thought to be untouchable, there has been a tremendous amount of justifiable venom being spewed at the CEOs of these firms....

When to Consider Corporate Restructuring
September 19, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Times are tough, and they're likely to get tougher, so my question is this; Should you, or should you not, consider a move toward corporate re-engineering? Whether directly or indirectly, your business will...

Expectation Alignment Key to 'Promise Management'
September 05, 2008
by Mike Myatt, Chief Strategy Officer, N2growth --The art and science behind making commitments and managing expectations has always been a critical skill set for senior executives and entrepreneurs to master. In fact, understanding how to come out on the...

It's All In The Message
August 29, 2008
By Mike Myatt, Chief Strategy Officer, N2growth --Top CEOs understand the power, influence, and leverage created by great messaging. Do you ever find yourself sitting back and marveling at those chief executives who always seem to have the right thing...