August 30, 2023
WASHINGTON, D.C. – Transwestern Investment Group (TIG®) and Washington, D.C.-based Acento Real Estate Partners announce the sale of Gatewood Plaza, an 88,995-square-foot office asset located in Fairfax, Virginia. The property is 96% occupied, including long-term tenants Trident Systems and PE Systems.
“Fairfax’s strong labor pool and local amenity base, coupled with its superior access to the Washington metropolitan area, make it a desirable location for both owners and occupiers of commercial real estate,” said Clarke Crenshaw, Senior Managing Director for TIG. “These market drivers, in conjunction with the building’s impressive tenant retention rate, present a great opportunity for the asset's new owner.”
Located at 10201 Fairfax Boulevard, Gatewood Plaza sits on 3 acres near the intersection of Route 123 and US Route 50. The building, which was renovated in 2015, offers abundant parking, excellent signage and visibility, an outdoor patio with seating, and efficient floor plates that can accommodate both single- and multi-tenant configurations.
The asset also offers convenient transportation access to Interstate 66, providing direct access to the Washington metropolitan area, as well as proximity to numerous dining, shopping, entertainment and hospitality options offered by various modern mixed-use developments in Fairfax. The property is located less than 25 minutes from Washington Dulles International Airport and Reagan National Airport.
Transwestern’s Mid-Atlantic Capital Markets Group, led by Gerry Trainor, represented the seller in the transaction.
A photo is available for download here.
About Acento Real Estate Partners
Acento has developed deep experience in the acquisition, redevelopment and management of commercial assets since its inception in 2002. Headquartered in Washington, D.C., Acento is a seasoned investment management and operating company specializing in value-driven investment management strategies and property management services. Acento invests nationally across multifamily, office, industrial, and retail assets and strives to drive opportunity and successfully meet the needs of investors seeking exposure to U.S. commercial real estate, capital preservation and strong cash yield. The firm has succeeded at developing strong client relations in Latin America and the U.S., setting it apart as a strategic investment partner representing private and institutional clients from both Latin America and the U.S.
About Transwestern Investment Group
Transwestern Investment Group (TIG®) is a real estate investment adviser with approximately $5.0 billion of assets under management. The firm serves a broad range of institutional and high-net-worth investors with its full-service investment management and Transwestern’s integrated operating platform.
The privately held Transwestern companies have been delivering personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm strives to drive value for investors across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, the Transwestern companies extend 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.
This document does not constitute an offer, solicitation or recommendation to sell or an offer to buy any securities, investment products or investment advisory services. Any offer or solicitation will be made only pursuant to a confidential private placement memorandum and subscription documents (the “Offering Materials”) and will be subject to the terms and conditions contained in such Offering Materials.