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Carr Properties Scoops Two NAIOP Awards of Excellence

October 4, 2018

WASHINGTON--(BUSINESS WIRE)--Oct 4, 2018--Carr Properties won the award for Best Washington, D.C. Urban Office Development Over 150,000 SF for its Midtown Center development project at the NAIOP DC/MD 16th Annual Awards of Excellence. Carr Properties also won Best Real Estate Transaction for a Tenant Lease Over 25,000 SF for the Fox 5 News - WTTG lease at The Wilson, which is part of Carr’s 937,000 SF mixed-use development at 7272 Wisconsin Avenue in Bethesda, MD. The awards ceremony honored outstanding achievements in real estate for projects completed between July 1, 2016 and June 30, 2018. The Awards were presented at the annual gala held at The Fairmont Hotel in Washington, D.C. on Wednesday, October 3, 2018

Commenting on the win, Carr Properties’ CEO, Oliver Carr stated, “We are honored to receive these prestigious awards from NAIOP. I am very proud of the accomplishments of our team at Carr; both Midtown Center and the Wilson are special developments that will add to the urban fabric of their respective neighborhoods. We share the Midtown award with our partners at Clark Constructions, SHoP Architects, WDG Architecture, and Scape Landscape Architecture. Additionally, we want to thank the team at Savills Studley, for their commitment to making the Fox lease at the Wilson a success.”

Midtown Center, the winner of Best Washington, D.C. Urban Office Development, was recently completed by Carr Properties. Designed by New York-based SHoP Architects, the 865,000 SF building boasts unique features such as two full-height curtainwall towers with copper cladding, three suspended bridges that connect the East and West office towers, and a stunning European style piazza designed to be a garden oasis in the center of the city. It also features a 45,000 SF plaza that offers access to a gathering place and of a unique mix of formal and informal dining, including a new Greek restaurant by Michelin Star chef Nicholas Stefanelli and Blue Bottle Coffee.

Carr Properties signed Fox 5 News – WTTG earlier this year as a future tenant of The Wilson in Bethesda located at 7272 Wisconsin Avenue. Slated to be completed in 2020, The Wilson is a mixed-use development project that will include office and retail space with a connected residential building, The Elm. This landmark deal with Fox 5 News marks the first time the company will move its headquarters from Washington, D.C.

About Carr Properties

Carr Properties is a privately held real estate investment trust focused on creating value for its shareholders through the ownership, acquisition, and development of high-quality office properties in Washington, D.C., and Boston, Massachusetts. The company currently owns a portfolio of 17 commercial office properties totaling approximately 4.5 million square feet as well as a pipeline of five development projects that include: The Wilson and The Elm Development in Bethesda, MD; Signal House in the Union Market area of Washington, DC; and One Congress in Boston. Upon completion, these projects will add 2.4 million SF of trophy-quality office space to the company’s portfolio. The company is continuing to expand its portfolio through strategic investments in the Washington, D.C. and Boston areas.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005756/en/

CONTACT: Carr Properties

Emily York, 202-303-3079

eyork@carrprop.com

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Carr Properties

Copyright Business Wire 2018.

PUB: 10/04/2018 03:08 PM/DISC: 10/04/2018 03:08 PM

http://www.businesswire.com/news/home/20181004005756/en

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