{"id":1004678186,"date":"2023-08-31T03:53:31","date_gmt":"2023-08-31T11:53:31","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004678186"},"modified":"2023-08-31T05:18:15","modified_gmt":"2023-08-31T13:18:15","slug":"transwestern-investment-acento-sell-virginia-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-investment-acento-sell-virginia-asset\/","title":{"rendered":"Transwestern Investment, Acento Sell Suburban DC Asset"},"content":{"rendered":"<div id=\"attachment_1004678187\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004678187\" data-attachment-id=\"1004678187\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/transwestern-investment-acento-sell-virginia-asset\/gatewood-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Gatewood-Plaza.jpeg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Gatewood Plaza\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Gatewood Plaza is less than 40 minutes from downtown Washington, D.C. Image courtesy of Transwestern Investment Group&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Gatewood-Plaza.jpeg?w=800\" class=\"size-medium wp-image-1004678187\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Gatewood-Plaza.jpeg?w=300\" alt=\"Gatewood Plaza\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Gatewood-Plaza.jpeg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Gatewood-Plaza.jpeg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/Gatewood-Plaza.jpeg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004678187\" class=\"wp-caption-text\">Gatewood Plaza is less than 40 minutes from downtown Washington, D.C. <em>Image courtesy of Transwestern Investment Group<\/em><\/p><\/div>\n<p><strong>Transwestern Investment Group<\/strong> and <strong>Acento Real Estate Partners <\/strong>have sold an 88,995-square-foot office property in Fairfax, Va. At the time of the sale, Gatewood Plaza was 96 percent occupied.<\/p>\n<p>Situated at 10201 Fairfax Blvd., Gatewood Plaza is a five-story building completed in 1985, CommercialEdge data shows. Renovated in 2015, the property features an outdoor patio with seating, some 300 parking spaces and floorplates with single and multi-tenant layouts.<\/p>\n<p>Current tenants at the property include Trident Systems, P.E. Systems, Weichert Realtors, Summit Research, Park &amp; Park, SunRun, Nova MedSculpt and Collins Engineers, according to the same source.<\/p>\n<hr \/>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/nycs-office-to-residential-plans-are-just-the-beginning\/\">NYC\u2019s Office-to-Residential Plans Are Just the Beginning<\/a><\/p>\n<hr \/>\n<p>Located near the intersection of Route 123 and U.S. Route 50, Gatewood Plaza is in proximity to dining, entertainment and retail options throughout Fairfax. The nearby Interstate 66 provides access to downtown Washington, D.C., in approximately 35 minutes. The Washington Dulles International Airport and Reagan National Airport are less than 25 minutes from the asset.<\/p>\n<p>Gerry Trainor with <strong>Transwestern\u2019s<\/strong> Mid-Atlantic Capital Markets group represented the seller in the deal.<\/p>\n<p>While some industries are maintaining a significant footprint in the Northern Virginia office market, the total vacancy rate in the area remains around 21 percent, according to a recent <em>Avison Young <\/em>report. \u00a0Without <a href=\"https:\/\/www.commercialsearch.com\/news\/amazon-hits-pause-on-2-5b-hq2\/\" target=\"_blank\" rel=\"noopener\">Amazon\u2019s occupancy<\/a> at HQ2 boosting net absorption in the market, overall absorption is continuing negatively with -405,000 square feet in the second quarter of this year.<\/p>\n<p>Earlier this year, TIG acquired a 582,400-square-foot Columbus, Ohio, distribution center. The<a href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-investment-group-buys-ohio-industrial-building\/\" target=\"_blank\" rel=\"noopener\"> fully occupied property<\/a> houses a single investment-grade tenant and was purchased on behalf of a separately managed account.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the time of sale, Gatewood Plaza was 96 percent occupied.<\/p>\n","protected":false},"author":3006,"featured_media":1004678187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,11,21742,21747],"tags":[33313],"class_list":["post-1004678186","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-midatlantic","category-latest","category-office","tag-transwestern"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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