ALEXANDRIA, Va. – Transwestern Real Estate Services (TRS) announces its Mid-Atlantic Healthcare Advisory team has been selected by Trammell Crow Company as its leasing partner for The John Carlyle Center for Health & Wellness, a 107,326-square-foot medical mixed-use development at 765 John Carlyle Street in Alexandria, Virginia. Transwestern’s Joseph McCormick, Ken Smondrowski and Michelle Castro will lead leasing efforts for the project, which breaks ground this winter and is slated for occupancy in late 2025.
765 John Carlyle is being developed and operated by institutional medical office building owners specifically for healthcare users. The property encompasses six floors, an integrated four-level parking garage and a 217-unit senior living residence. The first floor can accommodate 12,000 square feet of retail or medical use.
“We are very excited to work with the Transwestern team on our 765 John Carlyle Project,” commented Eric Fischer, Managing Director with Trammell Crow Company. “The Project represents an excellent opportunity to capitalize on the region’s exceptional qualities and provide best-in-class space for our medical providers to create efficiencies and superior patient experiences. The integrated, private podium garage, in particular, is highly unique to our market and will provide patients, staff, and physicians the ability to quickly and safely travel from their car to their medical office without disruption.”
Situated directly off I-495 in Old Town Alexandria, the off-campus MOB offers seamless ingress and egress and is less than a mile from two metro stations. According to Transwestern research, the average household income within one mile of the property is $157,116, and annual healthcare spending averages $11,560 per household, which is 15% greater than the metro average.
“765 John Carlyle brings a rare new trophy medical office building opportunity that benefits both users and patients in a historically constrained submarket with outdated product,” said McCormick, a Senior Vice President at Transwestern. “We look forward to working with Trammell Crow to bring an optimal mix of health systems and practice groups to the development.”
McCormick, Smondrowski and Castro are part of Transwestern’s National Healthcare Advisory Group, which comprises 175 real estate professionals with healthcare expertise in analytics and advisory, specialty leasing, property management and strategic capitalization. In 2022, the group leased and managed 10.5 MSF of space and completed 772 transactions, totaling $823 million in value.
Images of the property are available for download here and can be viewed online at https://765johncarlyle.com/.
About Trammell Crow Company
Trammell Crow Company (TCC) is a global commercial real estate developer and wholly-owned subsidiary of CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas. Founded in 1948, TCC has developed or acquired nearly 2,900 buildings valued at $75 billion and over 655 million square feet. As of December 31, 2022, TCC had $16.9 billion of projects in process and $12.9 billion in its pipeline. It employs 700 professionals in 27 major cities throughout the United States and Europe. The company serves users of and investors in office, industrial/logistics, healthcare, life sciences and mixed-use projects, as well as multi-family residential through its operating subsidiary High Street Residential. For more information visit www.TrammellCrow.com.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Jaime Luckey
678.521.3474
jaime@luckeycomms.com
twmediarelations@transwestern.com
