Washington, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it has been selected by Garrison/FD Stonewater to provide exclusive leasing and property management services for a 534,224 square foot portfolio in Reston, Virginia. The firm will provide both leasing and property management services at Reston Corner I & II, located at 12001 and 12005 Sunrise Valley Drive, and Parkridge V, located at 10780 -10790 Parkridge Boulevard, and will provide property management services at Parkridge II, located at 10803 - 10805 Parkridge Boulevard. These Class A office buildings are proximate to numerous shopping, dining and service amenities, and are just minutes from Dulles International Airport.
Cassidy Turley’s Spencer Stouffer, Tim Summers, Scott Goldberg and Shaun Collins will handle the marketing and leasing of the portfolio, and Ben Comm, Thomas Updike, Dianne Twinam, Billy Pritchett and Carol Payne will handle the property management.
“This first class portfolio is well capitalized and offers a great value for tenants seeking space on the Dulles Toll Road. The buildings feature significant upgrades to common areas and amenities and are uniquely positioned to meet the needs of tenants seeking suites from 1,500 to 100,000 square feet,” said Spencer Stouffer, Senior Managing Director and Principal of Virginia Leasing for Cassidy Turley. “Now with over 500,000 square feet of product in Reston, the Garrison/FD Stonewater team stands to be the fifth largest commercial property owner in this submarket,” he continued.
About FD Stonewater and Garrison Investment Group
FD Stonewater, a national real estate investment firm headquartered in Arlington, VA, is serving as the third-party asset manager on behalf of a well-established New York based investment firm, Garrison Investment Group. FD Stonewater offers a fully-integrated platform of advisory, investment and development services. Garrison Investment Group manages $2.4 billion firm-wide assets of which $700 million is specifically invested in real estate. Additionally, the portfolio was recently recapitalized with a loan from a top tier global bank that provides a significant amount of capital for capital improvement projects, tenant improvements and leasing commissions. For more information please visit http://www.fdstonewater.com/ and/or http://www.garrisoninv.com/.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with 3,200 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 www.cassidyturley.com for more information about Cassidy Turley.