Murphy CRE Q1 2018 Update – Murphy Commercial Real Estate

2018 First Quarter Newsletter

Murphy Commercial Sells 1419 Forest Drive, a 20,000 Square Foot Office Building, in Annapolis

Bates Creative Will Grow and Flourish Their Artistic Intelligence Atop Whole Foods in Silver Spring

Annapolis Towne Centre’s Newest Mixed Use Office/Retail Building Signs Raymond James

The first quarter of 2018 has come to a close, and we at Murphy Commercial Real Estate (MCRE) are excited to share that we have been very busy!

Of note, MCRE is proud to announce the sale of 1419 Forest Drive in Annapolis. This professional/medical +20,000 square foot office building was purchased by Dr. Rudy Rai of The Gastro Center of Maryland.

Dennis Murphy and Joe Sera brokered the transaction on behalf of the owner and Hyatt Commercial represented the buyer.

Bates Creative Will Grow and Flourish Their Artistic Intelligence Atop Whole Foods in Silver Spring

Bates Creative, represented by Laurie Murphy-Zuiderhof with MCRE, will be expanding and relocating to the second floor of Whole Foods in downtown Silver Spring. 8505 Fenton Street is a 7,500 square foot loft office with a balcony, open floor plan, and collaborative work environment. “This new location will provide energy and inspiration to Bates as we embark on an exciting new chapter of momentum and growth.” -Debbie Bates, Founder & CEO

Annapolis Towne Centre’s Newest Mixed-use Building Signs Wealth Management Firm Raymond James

MCRE is pleased to announce that Raymond James has leased 3,700 square feet at Greenberg Gibbons new 33,000 square foot office/retail project at the Annapolis Towne Centre. Raymond James is the ideal fit for the one of a kind loft building, which is set to deliver during the second quarter of 2018 at 2077 Somerville Road. MCRE would like to thank and recognize Andrew Smith from Cushman & Wakefield, who represented Raymond James in the transaction.

New Listings

4 Ridgley Former PNC Bank — Extraordinary corner retail opportunity with 0.21 acres. The building is a 3,000 square foot former PNC Bank site with a drive through.

AAMC Multi Office Medical Timeshares — Locations in Bowie, Annapolis, and Stevensville.

Sublease Patriot’s Plaza — 1,920 SF Retail Space Pasadena, MD

3081 Solomans Island Road — NNN investment opportunity

2000 Medical Parkway — Turn-key medical office suite on site at AAMC Campus

Notable Transactions

TECHNOLOGY: SP Global Inc. now occupies 8,000 square feet at Annapolis Commerce Park. Laurie Murphy-Zuiderhof represented the landlord in the transaction of an international technology and finance company that supports the growth of Societal Enhancements Technology Solutions.

RETAIL: International Franchise Blo Dry Bar snags its first location in central Maryland at the Festival at Riva Annapolis. Laurie Murphy-Zuiderhof represented the tenant in the site selection and negotiation of the lease.

Maryland Partners Bank Expands into the State Capital

MCRE is proud to announce that Maryland Partners Bank (a division of Virginia Partners Bank) has opened their first office in Annapolis. The growing local bank opened the doors of their Loan Production Office (LPO) on January 9, 2018. Joe Sera and Dennis Murphy represented the bank in this transaction.

“Expansion into Annapolis and Anne Arundel County is consistent with our strategic plan,” said Lloyd B. Harrison, III, President and CEO of Virginia Partners Bank. “This area has a strong, vibrant economy and is complementary to our presence in southern Maryland and Fredericksburg, Virginia. As with our two existing markets, Annapolis has a similar proximity to Washington.”

MCRE Finds New Tenant for Long Roofing in Gaithersburg

MCRE is pleased to welcome the World Mission Society Church of God (WMSCOG) to Gaithersburg, and congratulates them on their new home in the Long Roofing Building.

“We worked with Joe Sera to lease our property in Gaithersburg. I found Joe to be very easy to work with. He took his time and diligently marketed the property to find long-term, solid tenants. He is thorough in his approach and always looking to do best by his clients. We are very happy with the results and will definitely be working with Joe again in the future.” – John DePaola, President of Long Roofing.

WMSCOG is a Christian non-denominational church with more than 2.7 million registered members in 4,660 locations in 175 countries.