H
Hargrove Capital
PORTFOLIO INTELLIGENCE
Q1 2026 · As of March 15, 2026
Portfolio Pulse
Monthly NOI$7.17M
Avg Occupancy85.1%
Assets to Watch4
Updated March 15, 2026 · 7:00 AM
Jackson, Morin & Co. — Data Intelligence · March 15, 2026 · 7:00 AM
Portfolio Overview
Wtd. Occupancy
88.4%
-1.2%vs Q4 2025
Portfolio NOI
$4.21M/mo
+6.8%vs Mar 2025
Total SF
1.84M
+2.4%vs Q4 2025
Vacancy Rate
11.6%
+1.2%vs Q4 2025
Mid-Atlantic Portfolio
14 assets across DC, MD & VA · click any property to select
Office
Retail
Industrial
Mixed Use
Property Portfolio
14 assets · 2.04M total SF
OfficeStabilized
One Meridian Plaza
Washington, DC · Built 2008
HCP-001
SF
186K
NOI / mo
$841K
WALT
5.2y
Occupancy94%
Top Tenant
Meridian Holdings LLC
Next Exp.
Mar 2028
OfficeStabilized
Tysons Corner Professional Ctr.
McLean, VA · Built 2006
HCP-007
SF
164K
NOI / mo
$781K
WALT
4.8y
Occupancy89%
Top Tenant
Apex Federal Solutions
Next Exp.
Nov 2028
OfficeLease-Up
Reston Town Center North
Reston, VA · Built 2011
HCP-014
SF
228K
NOI / mo
$718K
WALT
3.9y
Occupancy81%
Top Tenant
Northstar Technology Partners
Next Exp.
May 2027
OfficeWatch
Capitol View Office Center
Washington, DC · Built 1998
HCP-002
SF
143K
NOI / mo
$712K
WALT
2.8y
Occupancy78%
Top Tenant
Federal Strategies Group
Next Exp.
Jan 2027
OfficeStabilized
Dulles Tech Campus
Dulles, VA · Built 2009
HCP-009
SF
198K
NOI / mo
$642K
WALT
5.6y
Occupancy86%
Top Tenant
Orion Defense Systems
Next Exp.
Feb 2029
Mixed UseStabilized
Penn Quarter Mixed-Use
Washington, DC · Built 2004
HCP-003
SF
129K
NOI / mo
$624K
WALT
4.6y
Occupancy91%
Top Tenant
Vantage Retail Partners
Next Exp.
Dec 2028
Mixed UseStabilized
Alexandria Waterfront Mixed
Alexandria, VA · Built 2014
HCP-010
SF
112K
NOI / mo
$534K
WALT
4.1y
Occupancy93%
Top Tenant
Potomac Hospitality Group
Next Exp.
Mar 2029
OfficeStabilized
Rockville Town Square Office
Rockville, MD · Built 2001
HCP-006
SF
118K
NOI / mo
$498K
WALT
3.4y
Occupancy82%
Top Tenant
MedLogix Consulting
Next Exp.
Sep 2027
IndustrialStabilized
Chesapeake Industrial Park
Jessup, MD · Built 2012
HCP-005
SF
224K
NOI / mo
$382K
WALT
7.1y
Occupancy100%
Top Tenant
Atlantic Distribution Co.
IndustrialStabilized
Gaithersburg Commerce Center
Gaithersburg, MD · Built 2015
HCP-011
SF
186K
NOI / mo
$344K
WALT
6.2y
Occupancy96%
Top Tenant
Mid-Atlantic Cold Storage
OfficeWatch
Fairfax Gateway Office
Fairfax, VA · Built 1996
HCP-012
SF
97K
NOI / mo
$312K
WALT
2.1y
Occupancy71%
Top Tenant
Commonwealth Legal Group
Next Exp.
Oct 2026
RetailValue-Add
Hargrove Bethesda Retail
Bethesda, MD · Built 1994
HCP-004
SF
94K
NOI / mo
$291K
WALT
1.9y
Occupancy68%
Top Tenant
Cedar Lane Grocery
Next Exp.
Aug 2026
RetailValue-Add
Silver Spring Retail Plaza
Silver Spring, MD · Built 1989
HCP-008
SF
86K
NOI / mo
$268K
WALT
2.2y
Occupancy74%
Top Tenant
National Pharmacy Group
Next Exp.
Jun 2026
RetailStabilized
Annapolis Harbour Center
Annapolis, MD · Built 2000
HCP-013
SF
76K
NOI / mo
$218K
WALT
3.8y
Occupancy88%
Top Tenant
Bay Area Fitness
Next Exp.
Jul 2028
Portfolio Analytics
Lease Expiration Waterfall
Square footage expiring by quarter
≤6 months
6–18 months
18+ months
Portfolio NOI Trend
Monthly net operating income · 13 months
Occupancy by Asset Class
Office7 assets
84.2%
Industrial2 assets
98.0%
Retail3 assets
74.8%
Mixed Use2 assets
92.0%
Tenant Concentration
Top 10 by % of base rent
TenantAssetSF% Base RentLease End
Meridian Holdings LLCHCP-00142K
11.2%
Mar 2028
Orion Defense SystemsHCP-00938K
8.4%
Feb 2029
Atlantic Distribution Co.HCP-005224K
7.8%
Jun 2029
Apex Federal SolutionsHCP-00736K
7.2%
Nov 2028
Mid-Atlantic Cold StorageHCP-011186K
6.9%
Apr 2030
Northstar TechnologyHCP-01444K
6.4%
May 2027
Potomac Hospitality GroupHCP-01028K
5.8%
Mar 2029
Federal Strategies GroupHCP-00238K
5.1%
Jan 2027
Vantage Retail PartnersHCP-00322K
4.6%
Dec 2028
MedLogix ConsultingHCP-00624K
4.2%
Sep 2027
Recent Activity
Recent Activity
+
New LeaseHCP-014$8.4M
Northstar Technology — 44,000 SF, 5-year term, $38/SF
Mar 12, 2026
↻
RenewalHCP-007$6.9M
Apex Federal Solutions — 36,200 SF renewed through Nov 2028
Mar 08, 2026
↓
VacancyHCP-004
Cedar Lane Grocery — 18,000 SF vacated, floor 1 east wing
Mar 01, 2026
+
New LeaseHCP-010$5.1M
Potomac Hospitality Group — 28,000 SF restaurant/event space
Feb 28, 2026
★
AcquisitionHCP-014$94M
Reston Town Center North — 228,000 SF acquired at $94M
Feb 20, 2026
↻
RenewalHCP-005$11.2M
Atlantic Distribution Co. — Full building renewed through 2029
Feb 14, 2026
↓
VacancyHCP-002
Halloran & Associates — 12,000 SF, did not renew
Jan 30, 2026
★
AcquisitionHCP-013$18.2M
Annapolis Harbour Center — 76,400 SF acquired at $18.2M
Jan 15, 2026
Hargrove Capital Partners · EIN 52-1847293 · Q1 2026 · As of March 15, 2026
Prepared by Jackson, Morin & Co. — Data Intelligence