Philadelphia-based Lubert-Adler Partners has successfully exited an equity and debt investment through the sale of two suburban shopping centers – one just outside Atlanta, GA and one in Lexington, KY. The combined sales price for both centers was $336 million. Forum Peachtree Parkway, a 500,000 square foot lifestyle center just outside Atlanta in Norcross, GA, was sold to AEW for $150 million. The majority of space at Hamburg Pavilion, a power/lifestyle center in Lexington, KY with over one million square feet of retail space, sold for $186 million to Starwood Capital.
LHB Communications, Inc. is a boutique public relations firm located in Washington, DC and serving clients throughout the world. We combine the flexibility, creativity, and cost-effectiveness of a small PR firm with the stellar results of a large agency.
Washington Property Company and Montgomery County, MD have finalized and signed an agreement to develop Progress Place, an innovative center providing a range of services to homeless individuals. The new facility will be built adjacent to a county fire station at 8110 Georgia Avenue in Silver Spring, Maryland. The County selected WPC last year to redevelop and relocate the current homeless services center, which no longer adequately meets the needs of the community it serves.