J Street Companies Merges with Woodmark
- Apr 28, 2008
By Erika Schnitzer, Associate EditorWashington, D.C.–The J Street Cos., a Washington, D.C.-based provider of sales, leasing, property management and development services, has reached a merger agreement with the Woodmark Cos., a commercial real estate firm, also headquartered in Washington, D.C.The merger announcement follows a year-long growth period following the acquisition last year by J Street of Randall Hagner, a real estate firm specializing in residential properties, commercial leasing, mortgage financing and property management.“This merger allows both companies to expand and improve their existing platforms,” says Petch Gibbons, president of Randall Hagner. “It allows J Street to greatly expand its property management and leasing brokerage practice. For Woodmark, it expands the company’s service capabilities. It also allows them to participate and become more synergistic with development and residential capabilities.”Woodmark, founded in 1995, has completed 550 transactions with a combined value of over $870 million and 2.6 million sq. ft. of leases and over 700,000 sq. ft. of sales.