By Daniel J. Sernovitz on June 27, 2013.
New York-based CompStak, a real estate data company, has enlisted the support of MRP Realty and Berman Enterprises LP as it seeks to establish a database on leasing transactions across Greater Washington.
CompStak, which relies heavily on informed sources to get the inside scoop on tenant concessions and lease terms on virtually every deal that takes place in a market, plans to introduce the new service July 1. Berman and MRP have agreed to sponsor the company's launch at an event at Tony and Joe's Seafood at Washington Harbour Thursday evening.
"CompStak is pleased to have both the support of MRP Realty and Berman Enterprises and to have our DC launch at the Washington Harbour in Georgetown," CompStak CEO Michael Mandel said in a statement. "We're thrilled to enter the Metropolitan Area and can provide DC's brokers, researchers and appraisers early access to our new database and local opportunities."
The firm's push into D.C. will provide another source for commercial real estate information in the District, which is also home to publicly traded data firm CoStar Group Inc. Mandel previously told me he does not see CompStak as a direct competitor to CoStar. He said CompStak focuses exclusively on real estate lease comps, an area he thinks CoStar does not cover as comprehensively with its service.