Cushman & Wakefieldannounced it has been selected to oversee all leasing efforts for 2300 9th St., a 65,078 square-foot (sf) office building located in South Arlington, Va. Cushman & Wakefield’s Jeanette Ko, Scott Goldberg and Conn Curry will handle leasing for the building.
The office building was recently acquired by BoundTrain Real Estate, which intends to renovate and reposition the asset as a smart, modern, boutique office alternative in a walkable, highly amenitized location in South Arlington, Va. Plans include modern amenities such as a shared conference room, locker rooms and an outdoor plaza. Additional improvements will include a brand-new main lobby entrance, common areas, restrooms and HVAC system, as well as a rooftop terrace, façade work, elevator cabs, security and technology enhancements, and newly constructed spec-suite offices for lease.
“This is a very exciting opportunity for BoundTrain and our investors,” said Michael Klein, managing principal of BoundTrain. “The opportunity to start with a blank slate, to demo the floors down to the structural steel, rebuild, and reposition 2300 9th, enables us to deliver what we believe will be a premier office building in high-demand from companies in the immediate and long-term future.”
Built in 1970, the 8-story office building offers a top floor balcony with views of the Washington Monument, the Washington National Cathedral and Rosslyn. BoundTrain anticipates demand from corporate occupiers looking for a renovated, healthy office building, with ample parking, near The Pentagon and Reagan National Airport.
“The building’s planned improvements, and highly desirable location in the original main street corridor of Arlington, will garner solid interest from companies looking to experience a modern workplace,” said Jeanette Ko, Director at Cushman & Wakefield. “We’re eager to see all of the renovations unfold and are confident that the tenants, their clients and employees will reap the benefits and enjoy all that this area has to offer.”
BoundTrain also recently hired Jeff Tarae as Principal who will serve as the company’s DC Metro leader. He joins Managing Principal, Michael Klein and Principals Kyle Wood and Fraser Kadera as a market leader of BoundTrain’s growing DC Metro region portfolio.
The seller, BM Smith, was represented by CBRE, Inc., while BoundTrain and its partner, The Ridley Companies, were represented by Sterling Commercial Real Estate.
Colliers International will provide property management services.
About BoundTrain Real Estate
Founded by Michael A. Klein, BoundTrain invests in high-potential properties below replacement cost with value-add opportunities through repositioning, proactive management, enhanced customer service, accelerated leasing, and prioritization of fixing deferred maintenance, building modern amenities, focusing on “path of travel,” and enhancing the tenant experience.Inspired to realize potential, the BoundTrain team aims to sustain long-term partnerships and enrich communities. To learn more, visit www.boundtrain.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com
