Transwestern Brings 70,947 SF Core Office Building To Market In Washington, D.C.

10/10/16

Transwestern today announces it has been retained by Brickman Associates to sell 4201 Connecticut Ave. NW, a 70,959-square-foot office building in Washington, D.C.’s Uptown submarket. Gerry Trainor, Mark Glagola, Jim Cardellicchio and Wes Machowsky of Transwestern’s Mid-Atlantic Capital Markets Group are the lead listing agents for the property.

“This six-story property is 95.5 percent leased to multiple tenants with an appealing staggered lease expiration schedule that provides investors with a true core investment opportunity in the strongest submarket in Washington, D.C.,” said Trainor.

The property is located in the heart of an established live-work-play area in the Uptown submarket, which has the lowest office vacancy rate in Washington, D.C., at 5.5 percent. The property recently underwent more than $4 million in renovations of the lobby, restrooms, elevators, parking garage, HVAC units and roof. Some of the current tenants include law firm Matthew Greenwald & Associates, MedStar and Bank of America.

Transwestern’s Mid-Atlantic Capital Markets Group focuses on investment services throughout the Washington, D.C., region, providing clients with a high level of personalized service and market knowledge. During the past 24 months, the group’s transactions have exceeded$1.5 billion in aggregate value. The team’s success is a direct result of detailed underwriting and keen understanding of the local, national and international investment communities. For more information, visit the Mid-Atlantic Capital Markets Group website or call Gerry Trainor at 202.775.7091.

ABOUT TRANSWESTERN

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, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, 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. Transwestern has 34 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.

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