| Two well known Hampton Buildings have new owners |
Executive Tower
Pinewood Plaza |
December 11, 2008 Two prominent Coliseum Central Business District office buildings have changed hands.
Maryland-based commercial real estate firm, CSG Partners, LLC, says it paid about $20.7 million for the two properties: Executive Tower, an eight-story, 135,000-square-foot office building, and Pinewood Plaza, a four-story, 72,000-square-foot office building. Both were formerly owned by Asset Capital Corporation, and both are visible from Interstate 64.
The new owner said in a press release that the company plans major renovations and upgrades to Executive Tower's entry lobby, common areas, elevator lobbies and bathrooms. The building's price tag was about $13.3 million. It is 81 percent leased, with tenants including General Dynamics, Gibbs & Cox and ARINC
Click for full story - Daily Press |
| SunLife Building Sale Baltimore City's one and only |
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December 5, 2008 CSG Partners, LLC completed the purchase of the Sun Life Building office tower in downtown Baltimore yesterday for $9.2 million from seller SLM Properties LLC, an investment entity of Asset Capital Corp. The 12-story, 170,000 square foot building at 20 S. Charles St., built in 1966, was a key component of Charles Center, built in the 1960s to create and office district downtown.
Click for full story - Baltimore Sun
Click for full story - Baltimore Business Journal
Click for full story - Daily Record
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| NAIOP Developing Leaders Supports Habitat for Humanity |
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October 14, 2008 Christina S. Fenton joins NAIOP's Developing Leaders and spends the day working on several row homes in Baltimore City.
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| BDP Groundbreaking at Chester Creek Business Center |
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October 9, 2008
Top company officials and representatives from local government expected
to participate in program on Thursday, October 30 at 10 am.
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| Kaiser Business Center initiates construction on second building |
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September 29, 2008 CSG Partners announces construction of 45,000 SF flex building at Kaiser Business Center in Folcroft, PA.
Click for full story |
| Patapsco Valley Business Center near completion |
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September 23, 2008 CSG Partners expects to deliver Patapsco Valley Office Campus at the end of September. PVOC is a four building 135,000 sf Class A office project located on Coca Cola Drive & Rt. 100.
Click for full story
Baltimore Examiner - September 24, 2008
www.patapscovalleyofficecampus.com
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Partners acquires Countryside Professional Center |
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July 22, 2008 CSG announces the acquisition of Countryside Professional Center, in Sterling VA. Purchased for $24MM, from Asset Capital, Countryside is a four building 184,000 sf professional center, located on Route 7 in Sterling, VA, one-half mile from Dulles Town Center. This is a value-add opportunity for Partners, as they immediately plan on investing over a million dollars in capital improvements to the center.
Click for full story
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| Construction on Second Building at Kaiser Business Center begins |
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June 2008 CSG has begun grading for the 44,3000 sf Class A warehouse at Kaiser Business Center. This will be the second new industrial building CSG has developed in this location.
www.kaiserbusinesscenter.com
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| Virginia Gateway Distribution Center - FIrst Building Complete |
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May 2008 Creaney & Smith Group, in a joint venture with Ryan Development andNorthwestern Mutual, has finished construction on a 140,000 sf spec warehouse building on International Parkway in Fredericksburg, VA. This is the first building of potentially 4 buildings in the Center.
www.va-gateway.com |
| Partners signs second lease at Kaiser Business Center |
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April 2008 CSG Partners signs Aeries Global Logistics, a privately held forwarding and transportation service company, based out of New York, to a long term deal at Kaiser Business Center in Folcfroft, PA.
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| Partners pre-leases Chester Creek Business Center |
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March 25, 2008 BDP International has signed a long term lease at one of CSG's 4 buildings in Chester Creek Business Center, slated for delivery in Spring of 2009.
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| Project in Stafford Takes Step Forward |
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February 22, 2008 CSG Partners, LLC and Ryan Development, LLC have purchased 175 acres of Centreport Parkway on the north and south sides of Stafford Regional Airport for $8.3MM. Ideally located on I-95 off exit 136, the Stafford site is poised to draw businesses from both Northern Virginia and Washington D.C.
Click for Full Article |
| CSG Partners brings Property Management Associates in-house |
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January 2008 CSG Partners brings their wholly owned Property Management company, Property Management Associates "PMA", back in house. No longer accepting third party work, PMA will exclusively manage CSG Partners' and it's affiliates portfolio.
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| Partners signs first lease at Kaiser Business Center |
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October 2007 CSG Partners signs Expeditors International of Washington, Inc. to Kasier Business Center in Folcroft, PA. A national freight forwarding company, Expeditors is headquartered in Philadelphia. |
| JLL Secures Construction Financing for ConAgra Facility |
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June 14, 2007 JLL has secured $10.8 million in financing on behalf of CSG Property Trust, LLC for the construction and development of Kaiser Business Center in teh Borough of Folcroft, Deleware County, Pennsylvania. Plans for the site include renovation of the existing building (previously ConAgra Foods) and a new 44,300 sf Class A warehouse. www.kaiserbusinesscenter.com
Click for Full Article |
Jones Lang LaSalle Capitalizes CSG with $300M for Mid-Atlantic Activity
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October 26, 2006 JLL's real estate investment banking practices has secured an initial $300 million in transaction capacity for CSG Partners, a joint venture between Creaney & Smith Group and the global merchant banking group of Prudential Real Estate Investors.
Click for Full Article |
