Monday Properties, which is best known locally for being the predominant owner of office buildings in Rosslyn, is making its second recent purchase in the Shirlington area.
Monday, in a joint venture with London-based neo capital, is acquiring Shirlington Tower at 2900 S. Quincy Street. The nearly quarter-million square foot office building is mostly filled, with tenants like the U.S. Navy and the National Alcohol Beverage Control Association.
It’s the second Shirlington office tower the company has acquired in as many years, after the purchase of 2800 S. Shirlington Road, a gleaming tower adjacent to the highway that contains a number of medical offices, among other tenants. Office properties outside of Metro corridors had previously fallen out of favor in the local commercial real estate world, but this transaction suggests that perhaps something is different about Shirlington.
In a press release, Monday touts Shirlington’s live-work-play amenities — including retail stores, restaurants, the Shirlington library, apartment buildings, theaters and a grocery store — plus its proximity to Amazon’s future HQ2, just up I-395 in Pentagon City.
“Shirlington Tower marks the second acquisition Monday Properties made in the Shirlington submarket within the last two years, and we are pleased to have partnered with neo capital,” Tim Helmig, Managing Partner at Monday Properties, said in a press release. “We remain bullish on forward-looking regional market fundamentals and intend to continue our momentum as active buyers in the marketplace.”
More from the company’s press release, below.
Monday Properties and neo capital today announced their joint venture acquisition of Shirlington Tower, a 233,446 square-foot office building located in the heart of Shirlington… in Arlington, Virginia. Shirlington Tower is 97% leased to an array of notable tenants including the U.S. Navy, HNTB Corporation, The National Alcohol Beverage Control Association, and Halfaker & Associates. Onsite amenities include a 12,000 square-foot fitness center, outdoor courtyard, and a variety of retail stores and restaurants.
“The DC region has again demonstrated its resiliency to economic downturns. Despite the turbulent market conditions brought on by COVID-19, the area remains attractive to businesses, investors, and residents,” said Wes Machowsky, Senior Vice President of Acquisitions and Capital Transactions at Monday Properties. “The acquisition of Shirlington Tower is the result of a collaborative effort by all parties involved, and we are well-positioned to continue to strategically grow our portfolio in spite of the pandemic-related headwinds confronting the capital markets.”
Shirlington Tower is located less than two miles from both National Landing — home to the future Amazon HQ2 and Virginia Tech’s Innovation Campus — and the Rosslyn-Ballston Corridor. Shirlington Tower is connected to Shirlington [Village], with extensive multifamily and retail product, and experiential amenities that include an AMC movie theatre, Harris Teeter, and [the Shirlington Branch] Library, along with restaurants, shops, and entertainment options.
A representative from neo capital said “Our acquisition of Shirlington Tower is an important part of our strategic portfolio growth in the United States. This is exactly the type of asset and market neo capital is looking to invest in — exceptional job growth, great regional connectivity, and best-in-class tenants. We see a lot of value in the DC region and will look to invest further here and in other strong performing U.S. cities.”
“Shirlington Tower marks the second acquisition Monday Properties made in the Shirlington submarket within the last two years, and we are pleased to have partnered with neo capital,” said Tim Helmig, Managing Partner at Monday Properties. “We remain bullish on forward-looking regional market fundamentals and intend to continue our momentum as active buyers in the marketplace.”
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Located in National Landing, these performance-based camps are designed for students of all ages – no theater or performance experience required.
Led by professional teaching artists, campers learn acting, movement, and technical theater skills through the lens of Physical Theater. Physical Theater incorporates acting, movement, dance, mime, and acrobatics. If you’ve seen a Cirque du Soleil performance, you’ll find many similarities.
Most first-time campers are new to the performing arts, and teaching artists are well-versed in engaging students at all levels. Parents and campers report that one of the best parts of Synetic is the community, with many families returning year after year because they feel a strong sense of belonging.
EDBS Dental Billing Solutions is pleased to announce that it has achieved compliance with the federally mandated standards of the Health Insurance Portability and Accountability Act (HIPAA) through the use of Compliancy Group’s proprietary HIPAA methodology, The Guard® compliance tracking software, and HIPAA Seal of Compliance®.
The HIPAA Seal of Compliance is issued to organizations that have implemented an effective HIPAA compliance program through the use of The Guard, Compliancy Group’s proprietary compliance tracking solution.
Clients and patients are becoming more aware of the requirements of HIPAA compliance and how the regulation protects their personal information. Forward-thinking providers like EDBS Dental Billing Solutions choose the HIPAA Seal of Compliance to differentiate their services.
“Since the nature of our business being exclusively remote, we take HIPAA compliance very seriously. With the help of Compliancy Group, we are able to take steps to fortify our systems to protect PHI information and familiarize each employee about HIPAA and how we can further safeguard PHI data.” said EDBS Dental Billing Solutions founder Goldie De Leon.
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Join us at the WHS Spring Festival on April 22, 2023, from 10am- 3pm at Wakefield High School(main parking lot). Come out to shop, play, and eat!
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