News Stories
EXECUTIVE LEADERS RADIO SHOW
July 13, 2011
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
Washington Business Journal
January 17, 2011
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
Washington Business Journal
December 2, 2010
Washington Business Journal
November 4, 2010
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, Paul DeFilippes and Scott Fetterolf of Summit represented the sublandlord, Washingtonpost.Newsweek Interactive Co. Full Story
CoStar group
July 8, 2010
SUMMIT BROKERS MULITPLE 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.
WASHINGTON BUSINESS JOURNAL
March 19, 2009
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.
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.
Washington Business Journal
May 25, 2010
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.
REAL ESTATE BISNOW
July 17, 2009
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.
WASHINGTON BUSINESS JOURNAL
October 30, 2009
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.
COSTAR GROUP
November 24, 2009
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
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
Architecture firm of the Year: OTJ Architects
Law Firm of the Year: Holland & Knight
Service Provider of the Year: Office Movers
COSTAR GROUP
PEPPERDINE UNIVERSITY MAKES EAST COAST PURCHASE
May 7, 2008
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.
WASHIGNTON BUSINESS JOURNAL
July 11, 2008
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.
COSTAR GROUP
January 23, 2008
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.