ExxonMobil Selects Cassidy Turley to Provide Divestiture Services for its Northern Virginia Corporate Campus

Published on April 11, 2013

WASHINGTON, DC –  Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that Exxon Mobil Corporation has selected the firm to provide divestiture services for ExxonMobil’s 117-acre corporate campus in Fairfax, Va.

Cassidy Turley will explore various disposition, project leasing and other value enhancement strategies for ExxonMobil’s corporate campus at 3225 Gallows Road. The energy firm announced plans last year to relocate operations at its Northern Virginia campus to a new corporate campus currently under development in suburban Houston.

Located in Fairfax County, VA, one of the fastest growing counties in the U.S. over the past two decades, the property includes five buildings with 1.3 million square feet of Class A office space; secured, underground parking structures totaling approximately 1 million square feet; and approximately 92 acres of undeveloped land. Floorplates for the existing office space are approximately 21,000 square feet with column spacing that supports modern, high-performance workplace design. This sizable, well-maintained and secure corporate campus offers an array of surrounding amenities and access to Arlington Boulevard, the Capital Beltway (Interstate 495) and Interstate 66.

“The ExxonMobil Northern Virginia campus offers a number of unique opportunities to potential investors and end users,” said Paul Collins, Vice Chairman of Cassidy Turley. “We will take a creative, strategic approach to the property’s divestiture to maximize value and deliver the best possible outcome for ExxonMobil.”

About Cassidy Turley 
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 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 $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants 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. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Bailey Webb

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