• The largest leases signed during Q3 include Choice Stairways’ 102,000 sq. ft. lease at 8800 Lottsford Road (Landover/Largo); Children’s Hospital’s 40,178 sq. ft. renewal at 1511 Cabin Branch Drive (Landover/ Largo); and Rew Materials’ 40,000 sq. ft. deal at 8700 Ritchie Road (Capitol Heights).
  • Prince George’s County warehouse product contributed 175,527 sq. ft. of positive absorption during Q3, with the current vacancy rate of 5.5% down 70 bps YoY.
  • From The Heart Ministries purchased 4949 Allentown Road (Branch Ave), a warehouse/ distribution asset totaling 165,751 sq. ft., from Amerikor Investment Group for $14.6 million, or $88.08 per sq. ft., in the market’s largest sale during the quarter.