Washington, DC - Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it arranged the sale of 1100 and 1101 4th Street, SW at Waterfront Station, two new office buildings with ground floor retail totaling 639,546 square feet in Washington, DC. Bill Collins, Paul Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley represented the seller, Waterfront Associates, LLC. The buildings were developed by Vornado/Charles E. Smith and Forest City Washington. USAA Real Estate Company acquired the assets for an undisclosed price.
1100 and 1101 4th Street, SW are located at the Waterfront-SEU Metro Station in the Southwest/Southeast submarket of Washington, DC. The office portion is currently 100 percent leased to the DC Government for 15 years, and the retail component is anchored by Safeway and CVS Pharmacy. Newly constructed in 2010, the assets are LEED Gold certified and are the first phase of a high profile, landmark mixed-use project in Southwest Washington, DC totaling 2.5 million square feet upon completion.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,000 professionals in 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $17 billion in 2010, manages 430 million square feet on behalf of private, institutional and corporate clients and supports over 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit http://www.cassidyturley.com/ for more information about Cassidy Turley.