March 05, 2018
WASHINGTON – Transwestern today announces Gerry Trainor, Executive Managing Director, has been named among Connect’s Top Brokers. Trainor completed more than 2 million square feet and 30 acres of property sales totaling over $590 million in 2017. He was chosen out of more than 500 submissions from brokerage teams across the country for the award.
“Connect’s award is a well-deserved recognition for Gerry, one of the most hard-working brokers in our industry,” said Phil McCarthy, Transwestern Executive Managing Director and Mid-Atlantic Market Leader. “When it comes to negotiation, he is dedicated and meticulous in producing the best possible results for his clients.”
As leader of Transwestern’s Mid-Atlantic Capital Markets Group, Trainor directs investment sales and real estate investment banking activities throughout the Mid-Atlantic region, with a primary focus on originating, structuring and executing commercial investment sales and capital market transactions for institutional, corporate, and private owners of real estate.
Some of his most notable transactions in 2017 include the following:
Disposition of 1801 New York Ave. NE in Washington, D.C., to Douglas Development for $66 million: Douglas Development Corp. purchased 9 land parcels bound by New York Avenue NE and Bladensburg Road NE as part of its plan to develop NewCityDC, a 1.5million-square-foot, mixed-use project that will include 422 apartments, 18 townhomes, 550,000 square feet of retail, 156 hotel rooms and 2,900 parking spaces.
Disposition of 6883 Commercial Drive in Springfield, Virginia, for $10 million: Trainor brokered the sale of this 190,000-square-foot, Class B, flex building, which will be converted to a 200,000-square-foot industrial building, an indicator of the demand for and shortage of close-in industrial properties in the Washington, D.C., metro. According to Transwestern research, industrial land prices at last mile sites saw a 93 percent jump since 2013, compared to 10 percent for sites outside the last mile zone.
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, Tenant Advisory, Capital Markets, Asset Services 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. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Mid-Atlantic region, follow @TranswesternDC.