unnamed (1)Summit Commercial Adds Weiss

New Principal, Tenant/Buyer Rep Brings 29 Years of Experience
By Walt Brown
May 27, 2016

Washington, D.C.-based Summit Commercial Real Estate has hired Sandra Weiss as principal and tenant/buyer representative.

Weiss brings 29 years of experience, gained through her time in senior positions at such companies as Cushman & Wakefield, Cresa Partners, The Ezra Co. and Grubb & Ellis.

In her career, Weiss has negotiated deals with government contractors, tech firms, non-profits, and law firms. She is also a member of CREW-DC and the American Society of Association Executives.

Summit hired her to lead Summit’s tenant / buyer only group and plans to hire more tenant reps to expedite Summit’s growing D.C. footprint. Recent deals include The Washington Institute for Near East Policy, FINCA International, and Ascom.

Read more…

Summit makes big score with Sandy Weiss!

29 year commercial real estate veteran Sandy Weiss has joined Summit Commercial Real Estate as Principal in the Tenant / Buyer Representation division. Sandy was most recently a Managing Director with Cushman & Wakefield and has held senior positions at Grubb & Ellis, CresaPartners and The Ezra Company.

Sandy’s career has been devoted exclusively to advocating on behalf of tenants, both in downtown Washington and in all submarkets of Northern Virginia.  She has a large non-profit practice and also significant experience with government contractors, law firms, technology firms and consulting firms, including recent projects for The Washington Institute for Near East Policy, Page, FINCA International, Ascom, and Steelcase.

Sandy is a member of the American Society of Association Executives and CREW-DC.  She has lived in the DC area since 1980 and was born and raised in Buffalo, New York.

Sandy will help lead and expand Summit’s tenant / buyer only group and is looking to add more tenant reps to Summit’s growing DC presence

2015 Leasing Multi-Million Dollar Club

QUALIFYING LIFE MEMBERS TWENTY OR MORE YEARS

Aaron Katz, Newmark Grubb Knight Frank
Andrew Felber, CBRE
Bobby Schwartz, Cushman & Wakefield
Eugene Kenney, Cushman & Wakefield
Glenn Meltzer, The Ezra Company
John C. Alexander, AMR Commercial, LLC.
Keith Foery, Transwestern
Moe Hamilton, Cushman & Wakefield
Patrick Nalls, Newmark Grubb Knight Frank
Paul DeFilippes, Summit Commercial Real Estate
Phillip McCarthy, Transwestern
Phillip Thomas, Cushman & Wakefield
Richard Tonner, Cushman & Wakefield

Read more…

2015 Sales Multi-Million Dollar Club

QUALIFYING LIFE MEMBERS TEN TO FOURTEEN YEARS

  • Emanuel Fitzgerald
  • Jayne Shister
  • John C. Alexander
  • Paul DeFilippes
  • CBRE
  • Cushman & Wakefield
  • AMR Commercial, LLC.
  • Summit Commercial Real Estate

Read more…

Douglas Development purchased 999 E Street N.W.

Price: $83,500,000
Seller: The Bluestone Group, NY,NY
Building: 174,072 Sf
Tenants: Federal Elections Commission, Hard Rock Café etc.

Fern Beuretta of Colliers International and Duke Brannock of Summit Commercial Real Estate were the cooperating brokers representing the buyer Douglas Jamal.

In 1983, Duke Brannock represented The American Medical Association and purchased 999 E Street from PEPCO. Brannock also leased the Hard Rock Café the restaurant in 1983.

Summit Commercial leases Soul Cycle its first Washington, DC flagship location

August 19, 2014

Yesterday, we headed to the newly opened SoulCycle to join some DC star chefs for a cardio party on a bike with all proceeds benefiting DC Central Kitchen, which fights hunger through food, a culinary job training program for unemployed adults, and nutritious school meals.

Read more…

SoulCycle opens first D.C. studio – The Washington Post

August 12, 2014

The promise of SoulCycle is that you can do anything. On a bike at the boutique cycling studio chain, which started in New York, you’re told you can climb the steepest hill imaginable. You can power t…

Read more…

http://awards.bisnow.com/creba/?w=41

2013 Leasing Club

Qualifying Life Members – Twenty or More Years

Paul DeFilippes, Summit Commercial Real Estate

John Duffy, Summit Commercial Real Estate

Andrew Felber, CBRE

Moe Hamilton, Cushman & Wakefield

Aaron Katz, Newmark Grubb Knight Frank

Eugene Kenney, Cushman & Wakefield

Patrick Marr, Newmark Grubb Knight Frank

Glenn Meltzer, The Ezra Company

Patrick Nalls, Newmark Grubb Knight Frank

Susan Thomas, Cushman & Wakefield

Richard Tonner, Cassidy Turley

http://gateway.costar.com/Gateway/News.aspx

Top DC Sales Agents:

1. William Collins, Cassidy Turley
1. Paul Collins, Cassidy Turley
3. James Cassidy, Cassidy Turley
3. Drew Flood, Cassidy Turley
3. Jud Ryan, Cassidy Turley
6. David Webb, CBRE
7. Jayne Shister, Cassidy Turley
8. Gerald Trainor, Transwestern
9. Emanuel Fitzgerald, CBRE
10. Paul DeFilippes, Summit Commercial Real Estate

http://awards.bisnow.com/creba/#top

Qualifying Life Members – Five to Nine Years 

John Alexander, AMR Commercial LLC

Paul DeFilippes, Summit Commercial Real Estate

Emanuel Fitzgerald, CBRE

Drew Flood, Cassidy Turley

Jud Ryan, Cassidy Turley

David Webb, CBRE

November 11, 2013

Honeybee Hospitality Closes On 1025 15th St. NW

WILL CONVERT OFFICES TO HOTEL

By Benjamin Luke

Honeybee Hospitality, Inc. acquired the 29,000-square-foot, nine-story office building at 1025 15th St. NW in Washington, D.C. from DC Healthcare Systems for $9.5 million.

The Beaux Arts building was constructed on the corner of 15th and L St. in 1895 and underwent renovations in 1990. The new owners plan on converting the vacant building into an independent hotel.

Charlotte Seale and Bill Moyer of D.C.’s The Donohoe Cos. have worked with Honeybee Hospitality since 2008 and facilitated the transaction on behalf of the buyer. Guy d’Amecourt, Gordon Nielsen, Paul DeFilippes, and John Duffy of SummitCommercial Real Estate negotiated on behalf of DC Healthcare Systems.

Full Story

June 21, 2013

MedStar Family Choice Subleases 14,878SF

INSURANCE ARM OF MEDSTAR SIGNS MULTI-YEAR DEAL

By Bill Jenkins

MedStar Family Choice, a subsidiary of MedStar, signed a 54-month sublease for approximately 15,000 square feet at 370 L’Enfant Promenade in the Southwest submarket of Washington, D.C.

The office building totals 400,215 square feet and was originally developed by Aerospace Realty Associates.

MedStar Family Choice will be taking space on the 10th Floor previously occupied by URS Federal Systems. Other tenants include the GSA, Accenture and Administration for Children and Families.

Paul DeFilippes and John P. Duffy of Summit Commercial Real Estate represented MedStar Family Choice. Bill Zonghetti of Newmark Grubb Knight Frank represented the sublandlord, URS Federal Systems.

Full Story

May 9, 2013

Summit Commercial Real Estate Selected by Acadia Realty Trust to lease DuPont Circle buildings in Washington, DC

Acadia Realty Trust (NYSE: AKR) awarded the office space leasing of 1739-1751 and 1801-1803 Connecticut Avenue, NW Washington, DC to Summit Commercial Real Estate. The leasing team on the project will be John D. Hannon, Paul DeFilippes, and John Duffy.

Acadia Realty Trust is a REIT specializing in the acquisition, re-development and operation of retail and urban mixed-use properties. Acadia currently owns or has ownership interest in, and operates a portfolio totaling over 10 million square feet across the United States. Founded in 1998, Acadia is one of the industry’s top performing shopping center REITs.

May 2015

Summit Commercial Real Estate named Washington, DC Power Broker by Costar

CoStar Group, Inc. announced Summit Commercial Real Estate is a winner of the 2015 CoStar Power Broker Award – 4th consecutive year.

Each year, CoStar Group recognizes the top commercial real estate brokerage firms and brokers with the prestigious Power Broker Awards.

As the largest professional research organization serving the commercial real estate industry, CoStar is uniquely positioned to track transactions and identify the top players across the U.S. Every year, CoStar tallies the commercial real estate sales and lease transactions that closed during the previous year then presents awards to the firms and individuals who achieved the highest volume of sales and leases in over 90 markets across the country.

March 11, 2013

To the clients and friends of Summit:

http://www.bizjournals.com/washington/print-edition/2013/02/22/climbing-the-summit.html

The WBJ story had some errors, inaccuracies and quotes taken out of context which we would like to clarify:

  1. In late December 2012, the WBJ implied in a non-Summit specific story that one of our valued clients has ownership in Summit – completely untrue. Certain Summit members are the only shareholders /  owners of the company
  2. Summit’s commission revenue for 2012 was $5,833,123.41
  3. This 2012 revenue was based upon completed leases with an aggregate value of $122,111,320.00 and completed sales with a value of $75,475,000.00
  4. John Duffy and Paul DeFilippes started and founded Summit – along with Duke Brannock but did not “join up with Duke’s new venture later” as stated in the print edition article
  5. Taken out of context and not reported correctly – Summit does not specialize in deals in the “7,000  to 12,000 rsf range” – the Principals of Summit have represented several different tenants / clients in numerous lease and sales transactions in the 40,000 to 250,000 rentable square foot range – as well as many small transactions.

In addition new team members to bolster Summit’s tenant representation squad include:

  • Jim Layton joined as Principal April 2012 – came over from Newmark Grubb Knight Frank
  • Wesley Herr joined as Principal August 2012 – came over from Newmark Grubb Knight Frank
  • Sean Balile joined as First Vice President October 2012 was formerly with The Meyer Group
  • Allan Willsey joined in September 2012 as Senior VP – 22 years experience – previously been affiliated with Shannon & Luchs Commercial, CB Richard Ellis, and most recently served as Regional Director with Los Angeles based SCI Real Estate Investments
  • Young rising stars include John Hannon Vice President and Scott Fetterolf Vice President

Thank you,

Paul DeFilippes
Managing Principal
SUMMIT Commercial Real Estate
1705 DeSales Street, NW
Suite 400
Washington DC, 20036

202-289-5400 Main
202-682-9113 Direct
202-302-2590 Cell
www.summitcre.com
pdefilippes@summitcre.com

February 12, 2013

Summit Commercial Real Estate is a Care Partner with St. Jude Children’s Research Hospital

Summit Commercial Real Estate has been recognized as a Care Partner for its financial support of St. Jude’s Children’s Research Hospital. Paul DeFilippes and John Duffy of Summit are proud to support St. Jude, which is internationally recognized for its pioneering research and treatment of children with cancer and other catastrophic diseases. Ranked one of the best pediatric cancer hospitals in the country, St. Jude is the first and only National Cancer Institute-designated Comprehensive Cancer Center devoted solely to children.

January 8, 2013

Whitman Walker Plans Major Expansion at Furioso’s 1525 14th St. NW

Health Clinic Signs Longterm Lease for 42,023 SF In Redevelopment Near Logan Circle

Washington, DC-based Whitman-Walker Health signed a 10-year lease for 42,023 square feet at 1525 14th St., NW, securing space for a major expansion of the community-based healthcare provider, and also providing a lead tenant for the six-story office development planned by Giorgio Furioso’s Furioso Development Corp.

The development, one of the few new buildings north of Thomas Circle on 14th Street to offer office space, is under construction and expected to be completed in spring 2014. The new facility will enable the 35-year-old healthcare provider to more than double its medical space while remaining close to its longtime location in the Shaw/Logan Circle community.

“Whitman-Walker has nearly doubled our patient base over the past six years and we expect growth to continue as more residents access care through the new health reform law,” said Don Blanchon, executive director of Whitman Walker Health. “This option allows us to secure new space in less than two years, lets us expand existing services and add new ones, is affordable, enables us to remain in our current neighborhood, and does not negatively impact our current operations at Elizabeth Taylor Medical Center,” or the Max Robinson Center in Anacostia.

Whitman Walker Health was represented in lease negotiations by Larry Walker of The Walker Group. John Duffy and Paul DeFilippes, managing principals of Summit Commercial Real Estate, represented the building owner, Giorgio Furioso.

<http://www.costar.com/News/Article/Whitman-Walker-Plans-Major-Expansion-at-Furiosos-1525-14th-St-NW/144553>

October 16, 2012

By CoStar Research.

COSTARGROUP

Balile Named Executive VP at Summit Commercial

October 10, 2012

Hanover Research Council Subleases 15,000 SF

Research Company Inks Office Deal at 1700 K St.

By Kevin Harrington

The 390,000-square-foot property is at the northwest corner of Farragut Square, in the heart of the CBD.Hanover Research Council, a member-based research organization, leased out 14,824 square feet of Winston & Strawn LLC’s space at 1700 K St. NW in Washington, DC.

Paul DeFilippes of SummitCommercial Real Estate represented Hanover Research Council, while Winston & Strawn was represented by Evan Behr, Philip Leibow, Doug Mueller and Matt Coursen of Jones Lang LaSalle.

October 9, 2012

Layton, Herr Latest To Join Summit Commercial

By CoStar Research

COSTARGROUP

Jim Layton, one of two new principals at Summit Commercial Real Estate in Washington, D.C.

DC-based Summit Commercial Real Estate recently added Jim Layton and Wesley Herr to its growing roster of brokerage talent.

Layton has joined Summit Commercial as a principal following eight years as a top producer at the former Grubb & Ellis (now Newmark Grubb Knight Frank). An attorney who also holds an MBA in finance, Layton specializes in commercial office leasing, sales, and complex real estate transactions throughout the Washington region. His clients include law firms and lobbyists, technology firms, healthcare providers, corporations, and consulting firms.

Layton said Summit’s position as a boutique commercial real estate firm staffed by brokers with deep experience and local connections appealed to him. “I liked the fact that Summit is able to bring principals and senior brokers to every transaction,” said Layton. “Its a business model that produces a level of service for clients that larger firms cannot match.”

Also joining the firm as principal is Wesley Herr, another former stand out from the defunct Grubb & Ellis. Herr, who has 14 years of office leasing and sales experience, will specialize in tenant representation of Washington-based companies and organizations.

Herr said he too was attracted by the firm’s approach to doing business. “It allows each broker the flexibility to provide customized service to every client, while also able to assemble a team of experienced real estate professionals for every transaction.”

The pair represent the latest new hires at Summit Commercial following last month’s news that longtime Washington real estate executive and broker Petch Gibbons had joined the firm as president to help build the locally based real estate services company.

Full Story

October 2, 2012

Petch Gibbons Named President of Summit Commercial

By Tim Trainor.

COSTARGROUP

Longtime Washington real estate executive and broker Petch Gibbons has joined Summit Commercial Real Estate as president.

Summit Commercial Real Estate, an emerging major player in the region’s commercial real estate market, has brought in longtime Washington real estate executive and broker Petch Gibbons as president to help build the locally based company.

Gibbons will serve a key leadership role, having management and recruiting responsibilities, as well as keeping his hand in the brokerage business.

“Petch is the right person to lead Summit, and this is the right time for us to be more strategic about how we grow our firm,” said Paul DeFilippes, who co-founded the brokerage firm with John Duffy in 2004. Gibbons joins DeFilippes, Duffy and Guy d’Amecourt on the company’s management team.

“Two types of commercial companies will survive and flourish – the mega-large, multi-service, national company, and the more nimble, focused, locally-based firms,” said Gibbons. “We plan to be that top, premier DC-based company, with national services and reach through the best affiliations.”

With more than 30 years of experience, primarily serving Washington-based firms, Gibbons most recently was an executive director with Cushman & Wakefield. His former roles include serving as president of The J Street Companies in Washington following his tenure as president and CEO of GVA Advantis and its predecessor, Advantis Real Estate Services.

His background also includes executive leadership positions as president of Barnes Morris Pardoe & Foster, one of several regional commercial real estate firms that once dominated the market in DC in the 1990s. Barnes, Morris was acquired by Insignia/ESG in 1997, and Insignia was eventually acquired by CB Richard Ellis (now called CBRE.)

The leaders of Summit say they have no plans to become part of global corporate real estate firm any time soon.

“We’re not trying to become the biggest company, just the best,” said Duffy, “We’re completely focused on local Washington based companies and organizations.”

Added DeFilippes, “We are confident our business model will be the way of the future for commercial real estate firms.”

Full Story.

July 13, 2011

EXECUTIVE LEADERS RADIO SHOW

Interview with Paul DeFilippes

WASHINGTON BUSINESS JOURNAL

January 21, 2011

Kaiser Picks Up New Space In West End

Kaiser Permanente is opening a location at 2301 M St. NW, inking a 44,000-square-foot long-term deal at the West End building. The Oakland, Calif.-based medical insurer and health care provider with 500,000 members in the mid-Atlantic region, plans a fall 2012 opening. Kaiser did not offer more details. The plan is not finalized, a spokeswoman said.

Kaiser has four facilities in D.C., according to its website, including the West End Medical Center at 2100-W Pennsylvania Ave. NW. It’s not clear if the new facility will replace that one, but Kaiser is moving most specialty and some primary care services from the West End Medical Center to the new Capitol Hill Medical Center Jan. 24. Kaiser, whose mid-Atlantic division is in Rockville, announced last fall it is spending at least $500 million and hiring hundreds of doctors to boost its East Coast presence.

In 2009, Kaiser paid $42.8 million to scoop up a 200,000-square-foot office building in Gaithersburg and took 200,000 square feet in Station Place near Union Station. In early 2010, it bought a 235,000-square-foot office building in Tysons Corner.

Paul DeFilippes and John Duffy of Summit Commercial Real Estate represented the building owner, Chromium, LLC. Full Story

January 17, 2011

WASHINGTON BUSINESS JOURNAL

Post Subleases Remaining Courthouse Space

The digital arm of The Washington Post Co. found a tenant to sublease the rest of its remaining unused space at 1515 N. Courthouse Road in Arlington.

Macro International, an Arlington-based information technology and management consulting firm, inked a 10,125 square foot deal. Financial details for the new lease, which lasts through November 2015, were no disclosed.

Last Spring, the National Association of Childcare Resource and Referral Agencies subleased 36,068 square feet from the Post.  In late 2010, Promontory Interfinancial Network LLC inked a 38,110 square foot sublease deal on the entire 12th floor and part of the 9th and 10th floors.

The D.C. media giant holds its lease in the 12-story building through 2015.

With the latest lease, The Washington Post (NYSE: WPO) now has no available sublease space in the building.

John Duffy, Paul DeFilippes and Scott Fetterolf of Summit Commercial Real Estate represented the The Washington Post. Full Story

November 4, 2010

WASHINGTON BUSINESS JOURNAL

Financial Group Subleases Post Space

The digital arm of The Washington Post found a tenant to sublease much of its remaining unused space at 1515 N. Courthouse Road in Arlington.

Promontory Interfinancial Network LLC inked a 38,110-square-foot deal on the entire 12th floor and part of the 9th and 10th floors. Financial details of the five-year deal were not disclosed.

Founded by leaders in the banking industry, PIN helps financial institutions to enhance their profits. It’s currently headquartered in the Courthouse building.

The District-based media giant (NYSE: WPO) has its lease in the 12-story building through 2015.

With the latest lease, the Washington Post now has 10,400 square feet of available sublease space in the building.

John Duffy and Paul DeFilippes of Summit represented the sublandlord, Washingtonpost.Newsweek Interactive Co. Full Story

July 8, 2010

COSTAR GROUP

Summit Brokers Multiple Office Deals for Health Care Group

Health care organization MedStar recently signed two leases in the Washington, DC, area.  MedStar Surgery Center renewed 13,836 square feet in the DC, medical office building at 1145 19th St. NW, retaining its majority claim on the eighth floor.  MedStar-Georgetown signed another lease for 10,286 square feet of expansion space on the eighth floor at 2000 N. 15th St. in Arlington, VA. The group already occupied close to 70,000 square feet at Arlington Plaza.

Paul DeFilippes and John Duffy of Summit Commercial Real Estate represented MedStar in the deals.

These two leases are in addition to a third that DeFilippes and Duffy inked for MedStar to start out the New Year. MedStar-Georgetown signed a 19,078-square-foot lease in January at 2115 Wisconsin Ave. in Washington, DC. It took the majority of the second floor at Georgetown Center. Full Story.

May 25, 2010

WASHINGTON BUSINESS JOURNAL

Nonprofit Fills in a Chunk of Washington Post Sublease Space

The digital arm of The Washington Post found a tenant to eat up a chunk of its unused space at 1515 N. Courthouse Road in Arlington. The National Association of Childcare Resource and Referral Agencies inked a 36,068-square-foot deal on the entire 11th floor and part of the 10th floor. Full story.

March 19, 2009

WASHINGTON BUSINESS JOURNAL

ICI Renews East End Lease

The Investment Company Institute renewed its 73,219 square-foot lease for an additional 15-year term at its East End heaquarters.

The 351,000 square-foot trophy building at 1401 H St.  NW offers four levels of underground parking, a first floor outdoor terrace, an on-site fitness center, and a conference center.  The Ober/Kaler Law firm is also a tenant at the space.

The Building recently earned the Energy Star label.  Summit Commercial Real Estate represented the tenant. Full Story.

2009

COSTAR GROUP

Summit Commercial has been Honored with Back to Back Awards

Summit Commercial Real Estate has been honored with the 2009 CoStar Power Broker Award.  Summit was also honored with the same award in 2008.

July 17, 2009

REAL ESTATE BISNOW

Help Wanted

Real estate recession? High unemployment? Don’t tell Summit Commercial Real Estate, which is busy enough to be looking to bring on some experienced brokers. (GVA Advantis people, are you listening?). They would be joining Tom Duffy, Gordon Nielsen, John Duffy (no relation to Tom), Karen May (no relation to Tom either, fyi), Guy d’Amecourt, and Paul DeFilippes “at great splits,” John tells us. Full story.

COSTAR GROUP

College Advisory Firm Inks Deal in Downtown D.C.

The Association of Governing Boards of Universities and Colleges (AGB) leased 15,716 square feet on the third floor at 1133 20th St. NW in Washington, D.C.

AGB, a support organization focusing on higher education goverance and leadership, signed a 15-year lease at the 119,000 square-foot office building.  The Class A property was constructed in 1984 and is in the District’s central business district.

Paul DeFilippes and John Duffy of Summit Commercial Real Estate represented the landlord, NFL Players Association.

October 30, 2009

WASHINGTON BUSINESS JOURNAL

Council for Exceptional Children Moves Headquarters

Council for Expection Children is moving its headquarters in Arlington.  The organization, which is currently headquartered at 1110 North Glebe Road, helps improve the educational success of talented and disabled children.  It signed a 20-year lease for 23,000 square feet at 2900 Crystal Drive and plans to move in December 2010.  The tenant, which was represented by Summit Commercial Real Estate, said it was attracted to the location, amenitites and the lease term.

November 24, 2009

COSTAR GROUP

Medstar Moving Into University Town Center

MedStar Research Institute leased 32,766 square feet on the entire seventh floor at University Town Center Metro 3 in Hyattsville, MD. The group will occupy the 11-story, 417,087-square-foot office building at 6525 Belcrest Road for the next 10 years.

MedStar will relocate from the four-story, 167,467-square-foot office property at 6495 New Hampshire Ave. to the new location next February.  John Duffy and Paul DeFilippes of Summit Commercial Real Estate LLC represented the tenant. Full Story.

GWCAR ANNOUNCES 2007 AWARD WINNERS

At the Thirteenth Annual Commercial Awards Dinner on Wednesday, April 30 at the Four Season in Georgetown, the Greater Washington Commercial Association of REALTORS® (GWCAR) named its top agents in finance, development, sales, and leasing for 2007. A new category, Best in the Industry, asked every GWCAR member who applied for an individual award to nominate the companies they have worked with in associated industries that have contributed to their success. Categories included developers, contractors, service providers, law firms, and architecture firms. Nearly 400 GWCAR members were in attendance as the top performers in each category were honored.

BEST IN THE INDUSTRY

Developer of the Year:Boston Properties

Architecture firm of the Year: OTJ Architects

Law Firm of the Year: Holland & Knight

Service Provider of the Year: Office Movers 

Top Maryland Leasing Agents:
1. Keith Foery, Transwestern $57.7 million
1. Phillip McCarthy, Transwestern $57.7 million
3. John Myers, Jr., Cassidy & Pinkard Colliers $26.9 million
4. Amanda Davis, Jones Lang LaSalle $25 million
5. Bob Dickman, McShea & Co, Inc. $21.6 million
5. Jack McShea III, McShea & Co, Inc. $21.6 million
7. Susan Pepper, Grubb & Ellis $20.3 million
8. Andrew Masters, Cushman & Wakefield $20 million
9. Neil Beggy, Cushman & Wakefield $17.6 million
10. Paul DeFilippes, Summit Commercial Real Estate $13.7 million
10. John P. Duffy, Summit Commercial Real Estate $13.7 million

May 7, 2008

COSTAR GROUP

Pepperdine University Makes East Coast Purchase

Pepperdine University acquired the office property at 2011 Pennsylvania Ave. in Washington, DC, for $17.4 million, or about $465 per square foot.  The seller, American College of Physicians vacated most of the building.  The eight-story, 38,131 square-foot building was constructed in 1967 with renovations in 1986 and 1992.  Major tenants include Bayer & Kaufman and George Washignton University.

Paul DeFilippes, Guy d’Amecourt and Gordon Nielsen of Summit Commercial Real Estate represented Pepperdine University.

July 11, 2008

WASHIGNTON BUSINESS JOURNAL

Georgetown University Keeps Fundraising Group in D.C.

Georgetown University has inked a long-term lease renewal for its fundraising group on Wisconsin Avenue NW.  The 10-year lease is for 50,334 square feet of space at 2115 Wisconsin Ave. NW, effective this November.  The tenant, which has leaseed space in the 180,000-square-foot, 20-year-old building for the past 15 years, is located on the 5th and 6th floors.

The university eyed other options in the Ballston-Rosslyn corridor, but decided to stick with the D.C. space because the deal’s terms best met its requirements.  Paul DeFilippes and John Duffy from Summit Commercial Real Estate represented the tenant.

January 23, 2008

COSTAR GROUP

Chromium LLC Buys Commercial Portion of West End Property

Circle Management Co. recently sold the office, retail and garage portions of 2301 M St. NW in Washington, D.C., to Chromium LLC for $25.15 million, or about $405 per square foot.

The fourth-quarter 2007 deal included 62,108 square feet of commercial space, primarily office with some retail. The building includes four floors of residential space owned by a cooperative, which were not part of the sale. The residential co-op leases the air rights from the owner of the commercial building.

John Duffy and Paul DeFilippes from Summit Commercial Real Estate represented the buyer, while Nick Demas of Thema Real Estate handled the deal for the seller.

Built in 1981, the property sits on a little less than a half-acre in the West End district. The office space was vacant at the time of sale and is currently being offered for lease by Summit Commercial Real Estate. Full Story.

COSTAR GROUP

August 1, 2007

Investors Land DC Office Building For $23.4 Million

Potomac Development Partners and Lowe Enterprises Real Estate Group-East have completed the purchase of the eight-story NFL Players Association building at 2021 L St. NW in Washington, DC, for $23.42 million or about $434.31 per square foot.

The 53,925-square-foot office building is undergoing renovations that include the addition of two floors and an expansion of the lower levels of the building. This will increase the square footage of the building to 79,000 square feet.

The buyers plan to convert the entire building into office condominiums. Lowe Enterprises is managing the renovation. Hickok Cole Architects is the designer and Davis Construction is completing the renovations. The renovations are expected to be completed in August 2008.

Paul DeFilippes and John Duffy of Summit Commercial Real Estate LLC represented the sellers.

Oct 4, 2006, 9:03am EDT

Joint venture pays $23.5M for Georgetown Plaza

Prabha Natarajan

Staff Reporter,

Full Story

Georgetown Plaza has been sold for $23.5 million.

A joint venture between Columbia Equity Trust and Aetna Life Insurance bought the 147,026-square-foot office building at 2233 Wisconsin Ave. NW in D.C.

The five-story structure, built in1964, was sold by Unicorn Wisconsin, an independent real estate investment firm.

The building was on the market for 21 months before it closed. The deal involved a complex negotiation to extend the ground lease from 53 years to 99 years with the land owner.

Columbia is expected to manage and lease the building, which already has Theodores Furniture and Bomstein Agency as its main tenants. More than 30 percent of the building remains vacant.

The new owners want to spend at least $2 million to upgrade the property before renting to new tenants.

Paul DeFilippes and John Duffy, principals with Summit Commercial Real Estate, represented the seller. Columbia Equity Trust was represented by Scott Nudelman and Oliver Carr III.