Monday Properties, a leading national real estate investment firm, announced today its acquisition of Cameron Run Office Park, a 145,244 square foot, fully-leased office park in Alexandria, Virginia. The property was acquired from The Meridian Group.
Located at 3601 Eisenhower Avenue, Cameron Run is ideally situated inside-the-Beltway with prominent visibility along I-95 and I-495, offering unmatched signage opportunities. The recently renovated building is also in close proximity to four Metrorail stations, Reagan National Airport and ample amenities in Hoffman Town Center, Carlyle Gateway, Old Town Alexandria and National Harbor.
“Monday Properties sees exceptional growth opportunities in Cameron Run,” said Tim Helmig, Managing Partner for Monday Properties. “Alexandria has proven to be one of Northern Virginia’s most desirable submarkets, and this property is located in an amenity-rich neighborhood that’s right in the middle of the region. We pride ourselves on being operators with quality assets and this asset is no different.”
The 100% leased property has a diverse array of tenants in the technology, engineering, and government services industries, some of which call Cameron Run their headquarters, including Michael Baker Corporation and Savi Technology.
Since joining the firm in September 2017, this is the first deal that Wes Machowsky, Senior Vice President of Acquisitions for Monday Properties, has completed. In his role, Wes is responsible for seeking out acquisition and development opportunities that are aligned with Monday Properties’ investment thesis.
“The decision to acquire Cameron Run Office Park is consistent with our investment philosophy and desire to expand our property holdings in the greater Washington, D.C. market,” said Wes Machowsky, Senior Vice President of Acquisitions for Monday Properties. “Our mission continues to be focused on identifying unique investment opportunities, deploying capital wisely and providing remarkable returns for our investors, along with best-in-class office amenities that create an exceptional tenant experience.”
The acquisition of Cameron Run Office Park is emblematic of how Monday Properties continues to seek attractive investments into existing and to-be-developed projects on behalf of its investors. Monday is focused on creating and enhancing commercial and residential properties that provide users with fully-amenitized environments in major gateway markets throughout the United States.
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.