Washington, D.C. – NNN Commercial Real Estate has news on a major Commercial Property transaction in the Washington, D.C sub-market. The NNN Commercial Property was acquired by CB Richard Ellis Investors. This Commercial Real Estate development is known as One Washingtonian Center. This Commercial Real Estate development sold for $90 million.
The NNN Commercial Property, One Washingtonian Center, is an office tower which is approximately 315,936 square feet. This Commercial Property is located at 9801 Washingtonian Boulevard, in Gaithersburg, Maryland. This Commercial Real Estate development has 20878 as the property zip code. This Maryland office building owns an exclusive location that is about 21 miles outside of the Washington, D.C. commercial property market.
The net leased property seller, LaSalle Investment Management Inc., had originally acquired the property for $59.36 million in 2000. This Commercial Property Investments sits directly off the principal north-south artery of Interstate 270 in Gaithersburg. This Maryland Commercial Property is approximately 86% net leased. The Commercial Real Estate Development is within walking distance access to three premium hotels, a retail shopping center, and various restaurants. The newly sold Commercial Property is surrounded by walking trails in this 800,000 square foot lifestyle community center. This Commercial Real Estate development is centered around the beautiful Washingtonian Lake.
The Commercial Property is about 22 years old and is net leased to a list of high quality tenants. One of the main anchor tenants is Sodexho Inc., and they have this commercial property as its North American headquarters. They are in a net lease property contract until the beginning of 2019.
This Class A Office Building was designed with the exterior of the structure using tinted glass with tiered columns and gorgeous marble accents on the façade. The Net Lease property makes the Tenants feel comfortable with a five-level open-air parking garage. This Commercial Real Estate development had renovations completed that cost over $3.5 million, over the past five years. The Commercial Property has a lush Atrium, convenient Conference Facility, and a well equipped Fitness Center.
LaSalle Investment Management and Transwestern had received the LEED Platinum certification by the U.S. Green Building Council (USGBC) under the Leadership in Energy and Environmental Design (LEED) for Existing Buildings. This Maryland Commercial Property Investment is one of only 26 commercial office buildings in the Country, and one of only three buildings in the Washington D.C. Metropolitan Statistical area (MSA) to receive LEED-EB Platinum certification.
LaSalle Investment Management, Inc. is a current member of the Jones Lang LaSalle group. The LaSalle Investment Management Company is a leading global commercial real estate investment manager, with about $40 billion of assets under management. This commercial real estate investment manager works with private and public property equity investments.
LaSalle Investment Management is pursuing a wide range of commercial real estate capital and operating markets including private and public, debt and equity. This commercial real estate investment manager has clients which include public and private pension funds, life insurance companies, governments, and private individuals from all over the World.
The Net Lease Property Buyer, CB Richard Ellis Investors, is a global commercial real estate investment management firm. This commercial real estate investment management firm currently maintains about $37.5 billion in assets. The commercial real estate investment firm sponsors investment programs across the risk – return spectrum for private investors and investment groups across the globe.
CB Richard Ellis Investors are into focused operating units which provide direct and indirect investments. CB Richard Ellis Investors is an independently operated affiliate of CB Richard Ellis Group, Incorporated. This benefits the commercial real estate investment group by allowing them to gather the research, investment sourcing and resources of the one of world’s premier, full-service commercial real estate services company.
Contact Net Lease Properties to sell your triple net lease properties, or to purchase NNN Property.
Various types of Commercial Real Estate Investments are listed below:
•retail shopping centers (CTL – Credit Tenants Leases are preferred)
•office buildings and high rise Office Towers
•Apartment Building Complexes, multi-family properties, University student housing properties
•industrial properties, distribution centers and warehouse facilities with net leases
•lodging and hotel type properties
•medical office buildings (MOB’s) and healthcare related facilities
•triple net lease properties, (STNL) single tenant net lease properties
