Transwestern’s Mid-Atlantic Capital Markets Group Represents Seller in Transaction
June 04, 2019
Springfield, VA – Transwestern Commercial Services today announces it has brokered the sale of two prime industrial buildings totaling 120,661 square feet within the Shirley Industrial Complex located at 6707 and 6714 Electronic Drive in Springfield, Virginia. Donohoe Companies & Affiliates acquired the properties for $17.75 million. Transwestern’s Mid-Atlantic Capital Markets Group provided disposition services on behalf of the seller, Fernau LeBlanc Investment Partners.
“The 6707 building underwent an extensive renovation in 2018 and was subsequently leased for 15 years to a notable tenant with strong credit,” said Gerry Trainor, Executive Managing Director of Transwestern’s Mid-Atlantic Capital Markets Group. “Furthermore, the 6714 building is fully leased to two tenants who have been at the property for over 20 years. The buyer will enjoy stable cash flows over a long lease term with confidence that existing tenants will renew.”
The buildings sit upon nearly 6.5 acres of land providing valuable outdoor storage and parking. Additionally, each building is equipped with ample dock doors and drive-in bays. The properties’ location at the northwest quadrant of I-495/I-95 and I-395 (commonly known as the “Mixing Bowl”) provides unfettered access to the Washington, D.C., region. This unique positioning inside the Capital Beltway (I-495) is exceedingly rare as regional and national tenants seek proximity to the metropolitan area’s strong demographics.
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.
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Transwestern Commercial Services (TCS) is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service and innovative client solutions. Applying a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets and Research, our fully integrated global organization adds value for investors, owners and occupiers of all commercial property types. We leverage market insight and operational expertise from across the Transwestern enterprise, which includes firms specializing in development and real estate investment management. TCS has
34 U.S. offices and assists clients from more than 200 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.