Portfolio Owner Unibail-Rodamco-Westfield Positioning Properties for Significant Growth
October 01, 2019
Silver Spring, MD. – Transwestern Commercial Services (TCS) today announces it has been retained by Unibail-Rodamco-Westfield to provide Agency Leasing services for Westfield Wheaton, a two-building project totaling 184,000 square feet of office and medical space in the Washington, D.C., area. The office leasing team is led by TCS Senior Vice President Guy Copperthite and Vice President Joe McCormick.
Located in Wheaton, Maryland, the North Tower at 2730 University Blvd. is a 112,000-square-foot, 11-story building that is currently 93% leased. The seven-story South Tower at 11002 Veirs Mill Road comprises 72,000-square-feet and is 75% leased.
“We are excited to have Transwestern work with us on this assignment,” said Brooke Jones, Manager of Commercial Offices for Unibail. “We have invested considerable capital and completed extensive renovations to both buildings and continue to improve these assets.”
With proximity to the Wheaton metro, the buildings offer ease of access for commuters. The property also benefits from neighboring Wheaton Mall, Holy Cross Hospital and Wheaton Regional Park.
“These two assets are well-positioned for success,” said Copperthite. “The completion of the Maryland-National Capital Park & Planning Commission’s new Wheaton headquarters in 2020, coupled with Westfield Wheaton’s proximity to the new building and metro, has spurred significant interest in the property. We have already received inquiries from vendors and service providers that need to be located near the new M-NCPPC headquarters.”
Wheaton is situated in Montgomery County, home to approximately 350 cultural groups and 1 million residents who enjoy its nearly 900 restaurants, 22 theaters and 400 parks.
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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.