WASHINGTON, DC – Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that it represented Invesco Real Estate in the sale of Randolph Square located at 2800 South Randolph Street in Arlington, VA.
Paul Collins, Bill Collins, Drew Flood, Jud Ryan, and James Cassidy of Cassidy Turley represented Invesco in the sale of Randolph Square to Easterly Partners.
Built in 2008, Randolph Square is a 9-story, 189,871-square-foot, Class A office building located in the center of The Village at Shillington with convenient access to restaurant and retail amenities. The building is 100% leased to the GSA - United States Patent and Trademark Office (PTO). Directly off of Interstate 395, building tenants have immediate access to Interstate 395, the Pentagon, the Washington Headquarters Services facility and the PTO Headquarters.
Randolph Square is built to LEED-Gold core and shell with sustainable elements that include occupancy motion sensor lights throughout and energy efficient windows. The building has been recognized by the Washington Smart Growth Alliance – Smart Growth Recognition Program based on the building’s town center location and alternative transportation options.
The transaction is Easterly’s first acquisition in the Arlington County market.
About Invesco Real Estate
Established in 1983, Invesco Real Estate manages $55. 7 billion of real estate investments, including $32.6 billion in direct real estate investments and $23.1 billion in real estate securities (as of December 31, 2013). With more than 360 employees in 18 offices worldwide, the group focuses on top-down market and property fundamentals combined with bottom-up local market intelligence. Senior members of the management team have worked together for more than 25 years, contributing to the consistent implementation of Invesco’s investment strategy and resulting performance. Additional information is available at www.invescorealestate.com.
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 4,000 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, 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 $25.8 billion in 2013, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 24,000 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.