Meritage

Citybiz Real Estate – The Atrium at Rock Spring Park

Natalia — Fri, 04 May 2012 16:36:12 +0000

GSA Signs 99,583 SF Lease for the NIH in Bethesda, MD

Real Estate Bisnow – The Atrium at Rock Spring Park

Natalia — Fri, 04 May 2012 16:14:58 +0000

Big GSA Lease in Bethesda

GlobeSt.com – The Atrium at Rock Spring Park

Natalia — Fri, 04 May 2012 16:06:15 +0000

NIH Renews Bethesda Lease at $30.75 Per SF

Boston Business Journal – Tower Point

Natalia — Fri, 03 Feb 2012 18:07:43 +0000

New Companies moving to Boston’s Innovation District

The Real Reporter – 729 Boylston Street

Natalia — Tue, 24 Jan 2012 15:50:36 +0000

Sizzling Back Bay Spurs Meritage Move

The Real Estate Weekly – One Dock

Natalia — Thu, 29 Dec 2011 22:23:14 +0000

CBRE wraps up best deal in Fairfield

Shady Grove Plaza

Natalia — Tue, 16 Aug 2011 14:22:25 +0000

On August 11th, 2011 Meritage’s third investment fund, in partnership with Ivy Equities, acquired Shady Grove Plaza, a 183,000 SF office building in Rockville, MD. Shady Grove Plaza benefits from its location overlooking I-270 in North Rockville, a progressive and dynamic market known for its high concentration of contractors to the federal government and innovative biotechnology companies. Sitting at a major intersection just one exit away from the newly completed Inter-County Connector, Shady Grove Plaza is strategically located in what has become known as “DNA Alley.” Adding to over 8.6 million square feet of existing high quality office space within the I-270 submarket, The National Cancer Institute recently selected a site less than one mile from Shady Grove Plaza for the development of its new 500,000 SF headquarters. In addition, the recently constructed Shady Grove Hospital within two miles of Shady Grove Plaza further evidences the dynamic potential of this market.

At closing the property was only 82% leased but has maintained a 10-year average occupancy of approximately 90.5%, offering a compelling value add opportunity through the lease up of currently vacant space. The repositioning plan includes several minor cosmetic upgrades including lobby, common area and bathroom upgrades and multiple operational enhancements.

The Wall Street Journal – One Dock Street

Natalia — Wed, 25 May 2011 14:52:21 +0000

Switching Tracks in Deal Making

One Dock Street

Natalia — Tue, 24 May 2011 16:59:42 +0000

On May 10th, 2011, affiliates of Meritage Properties and ClearRock Properties acquired One Dock Street, an 85,931 SF office building in Stamford, CT. One Dock, the only brick and beam office building in the central Stamford market, affords tenants the distinctive characteristics of high ceilings, exposed brick walls and large windows providing significant natural light. Situated at the gateway to Stamford’s developing “South End” neighborhood, One Dock is poised to benefit significantly from the increase in traffic generated by numerous local development projects, including over 875,000 SF of new office development and over 4,000 new housing units. One Dock is located less than a five minute walk from the Stamford Transportation Center, the largest public transportation hub in the tri-state region outside of Manhattan.

The acquisition of this asset will provide the joint venture a unique opportunity to reposition the property in a rapidly improving sub-market. The planned repositioning involves lobby and common area upgrades, landscaping improvements, and new exterior building signage to enhance One Dock Street’s visibility and image. The building was approximately 93% leased at acquisition.

Citybiz Baltimore – Metroplex I & II

Natalia — Thu, 24 Jun 2010 20:40:05 +0000

Leases Bring Landover’s Metro-Plex to 90 Percent Occupancy