Monday Properties, a leading national real estate investment firm, announced today its acquisition of Shirlington Gateway, a 12-story, 206,200 square foot office building located adjacent to I-395 in Arlington, Virginia. Shirlington Gateway is one of the most prominent and recognizable buildings in the region and is steps away from the amenity rich Shirlington Town Center.
Shirlington Gateway offers outstanding visibility to close to 200,000 drivers daily and has on-site amenities including a café and fitness center. The building is highly accessible from Washington, D.C., the Pentagon and Reagan International Airport and is in close proximity to a transit station with direct routes to the Pentagon and Ballston.
“Shirlington Gateway is an excellent investment opportunity in line with our broader investment thesis, and we are eager to add value and enhance the tenant experience through proactive property and asset management,” said Wes Machowsky,Senior Vice President, Acquisitions for Monday Properties. “This strategic acquisition allows Monday Properties to continue growing its portfolio of assets under management, and reintroduce the building to the marketplace.”
“Shirlington’s urban, mixed-use environment offers superior access and retail amenities as well as significant growth opportunity.” said Austin Freeman, Senior Vice President, Asset Management for Monday Properties. “Shirlington Gateway, in particular, has a diverse tenant mix, and we look forward to continuing our momentum as active buyers in the marketplace.”
This announcement comes on the heels of Monday Properties purchasing Dulles Metro Center, a class A office building in Herndon, Virginia, as well as Cameron Run Office Park in Alexandria, Virginia. The firm continues to remain focused on unique investment opportunities and the strategic deployment of capital that provide exceptional experiences for both current and future tenants.
About Monday Properties:
Monday Properties is a dynamic real estate investment firm that operates each property within its portfolio. Founded in 1998, the company is an owner,operator and developer of real estate with a primary focus on supplied constrained markets and value add real estate opportunities in growth markets. Since 2002, Monday Properties has completed over $13 billion in over 60 separate transactions, representing 28 million square feet. Monday Properties invests its own capital alongside its partners and investors, creating a clear alignment of interest and an incentive to realize value.