December 14, 2018
Fairfax, VA – Transwestern today announces it has brokered the sale of WillowWood III and IV, two Class A office buildings at 10302 and 10304 Eaton Place in Fairfax, Virginia. Twenty Lake Holdings purchased the 276,245-square-foot asset with Transwestern’s Gerry Trainor providing disposition services on behalf of the seller.
“Twenty Lake Holdings has purchased an institutional-quality, Class A asset with long-term stability. The buildings are 75 percent leased to an investment-grade tenant that has been at WillowWood for 29 years,” said Trainor. “The property also provides value-add potential via the lease-up of the remaining vacancies.”
Located along the Interstate 66 corridor, the property features surface and structured parking as well as a landscaped plaza with a fountain and outdoor seating. Furthermore, the adjacent retail is being redeveloped and will be anchored by Whole Foods 365.
Transwestern’s Mid-Atlantic Capital Markets Group focuses on investment services throughout the Washington, D.C., region, providing clients with exceptional service and market knowledge. During the past 24 months, the group’s transactions have exceeded $1.7 billion in aggregate value. The team’s success is a direct result of detailed underwriting and keen understanding of the local, national and international investment communities.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Transwestern has 33 U.S. offices and assists clients from more than 219 offices in 37 countries through strategic alliances with France-based BNP Paribas Real Estate and Canada-based Devencore. Experience Extraordinary at transwestern.com and @Transwestern.