crefeed.com | Cassidy & Pinkard finalizes $62.5M sale of Shirlington Gateway

4/18/2008

Cassidy & Pinkard finalizes $62.5M sale of Shirlington Gateway

Shirlington Gateway

Washington, D.C.-based Federal Capital Partners has sold the Shirlington Gateway office building in Arlington, Va., for $62.5 million to Choi Companies, LLC.

The deal was brokered by Paul Collins, Bill Collins, Drew Flood and James Cassidy of Cassidy & Pinkard Colliers.

Federal Capital Partners acquired the building in June 2006 for $55 million, or $266 per square foot. The firm sold the building for $302 per square foot.

Shirlington Gateway is a 12-story, Class A office building located in the I-395 Corridor at 2800 Shirlington Rd. Built in 1986, the 206,992 square foot building is currently 95 percent occupied to government contractors, associations, and professional services firms.

An affiliate of Colliers International, Cassidy Pinkard offers commercial real estate services primarily in the Washington D.C. area.

Address: 2800 Shirlington Rd., Arlington, Va.

Size: 206,992 square feet

Built: 1986

Filed Under: Office

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