WASHINGTON, D.C. - (July 2, 2008) - GVA Advantis is pleased to announce a recent investment sales transaction in Old Town Alexandria, Va. in the amount of $7,950,000.
Brian Ball, CCIM, SIOR, executive director, George Labarraque, executive director, and Brian Ball Jr., associate, of the Washington, D.C. office of GVA Advantis represented the Buyer.
Brian Ball, CCIM, SIOR, executive director, George Labarraque, executive director, and Brian Ball Jr., associate, of the Washington, D.C. office of GVA Advantis represented the Buyer.
Brandywine Construction and Management, Inc. (company's corporate office building at left) was the management and leasing company involved in the transaction.
901 King Street Associates, a Pennsylvania General Partnership, sold Firehouse Square, for $7,950,000, or $250/SF, to Firehouse Square, LLC, which consists of several prominent, local investors. (Firehouse Square Museum area on King Street photo at top
right)
901 King Street Associates, a Pennsylvania General Partnership, sold Firehouse Square, for $7,950,000, or $250/SF, to Firehouse Square, LLC, which consists of several prominent, local investors. (Firehouse Square Museum area on King Street photo at top
right)The Property is a 31,870 SF office/retail building located at 902-910 King Street, just blocks from the King Street Metro station and the Potomac waterfront. Renovated in 1989, the asset is a historic, four-story class B office/retail building. Firehouse Square is 100% leased to ten separate tenants with no rollover through 2011.
GVA Advantis is a full-service real estate firm that leases, manages and sells office, industrial, retail and other commercial real estate properties and sites. The company also provides tenant representation, corporate real estate, construction and project management services.
GVA Advantis is a full-service real estate firm that leases, manages and sells office, industrial, retail and other commercial real estate properties and sites. The company also provides tenant representation, corporate real estate, construction and project management services.
GVA Advantis employs approximately 400 people, leases and manages more than 30 million square feet of commercial facilitie
s, and had an annual transaction volume of approximately $1.5 billion in 2007. Including its headquarters in Atlanta, the company has 15 regional offices throughout the Southeast and Mid-Atlantic.
s, and had an annual transaction volume of approximately $1.5 billion in 2007. Including its headquarters in Atlanta, the company has 15 regional offices throughout the Southeast and Mid-Atlantic. (Photo at left shows King Street district near the waterfront)
GVA Worldwide is an international organization of real estate industry leaders serving key markets in 20 countries.
GVA Worldwide is an international organization of real estate industry leaders serving key markets in 20 countries.
The organization comprises more than 3,500 real estate professionals in 90 markets worldwide. In 2006, GVA Worldwide partners collectively completed $26.5 billion in transactions and managed more than 150 million square feet of office, industrial, retail and specialized property.
For more information, visit http://www.gvaworldwide.com/
For more information, visit http://www.gvaworldwide.com/
Media Contact: Tonya Ginter, GVA Advantis, 703.790.2127. 1747 Pennsylvania Avenue, NW Suite 1100, Washington, DC 20006.
tginter@gvaadvantis.com
tginter@gvaadvantis.com
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