Washington, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it arranged the sale of 601 N. Fairfax Street, a 129,564 square foot office building located in Old Town Alexandria, VA. Jayne Shister of Cassidy Turley represented the seller. The asset was acquired for $21,000,000 by 601 NF Associates, LLC, which plans to convert the office building to residential use.
601 N. Fairfax Street is situated along the Potomac waterfront in the heart of Old Town Alexandria. The property, which overlooks the 4.5 acre Oronoco Bay Park, offers river views to the east, north and south across the water to Maryland and the District of Columbia. Located just five blocks from King Street, 601 N. Fairfax offers immediate access to numerous cultural, entertainment, shopping and dining amenities. The freestanding building, built in 1986, is less than a mile to Ronald Reagan Washington National Airport and easily accessible to Metro and major thoroughfares.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 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 $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 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 www.cassidyturley.com for more information about Cassidy Turley.