Regions Midatlantic | Washington, DC
J Street, Woodmark to Merge
April 22, 2008

The J Street Cos. and J Street Development have reached a merger agreement in principle with the Woodmark Cos., according to a J Street release. Over the last ten years, Woodmark has completed approximately 550 transactions with an aggregate value of more than $870 million, including 2.6 million square feet of leases and over 700,000 square feet of sales. The company manages a portfolio of 4.3 million square feet in Washington, D.C., close-in Northern Virginia, Baltimore, Md. and Dallas, Texas. The merger will give Woodmark the opportunity to participate in a diversified business model, with residential and development service lines. J Street's announcement follows a year of growth following the acquisition, slightly over a year ago, of Randall Hagner. Going forward, the Randall Hagner commercial service lines will operate under the Woodmark banner so that the J Street Companies will now be known through three highly-regarded and branded companies: Randall Hagner Residential, J Street Development and Woodmark.

 
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