Commercial Real Estate Blog

Reported Leak Intensifies HQ2 Announcement Buzz

November 4, 2018 – The Amazon HQ2 buzz intensifies on question of locating to Arlington & Alexandria picked up significantly over the weekend, almost eclipsing the chatter of tomorrows mid-term elections.  Amazon, like the “Mueller Investigation,” has promised not to make any announcements in advance of the November 6 election.  Speculation has been swirling over which cities were truly on the “short list” for Amazon to select for their second HQ.  With the promise of 50K jobs, cities and economic development organizations have been working furiously under a non-disclosure agreement to win the hearts and minds of Amazon’s CEO Jeff Bezos.  Now with a reported leak in this weekend’s Washington Post, that the Arlington-Alexandria bid is in secret, high level discussions of an announcement, the real scramble and speculation begins.

HQ2 Buzz Intensifies JBG stock price

JBG Smith the largest property owner in Crystal City, the proposed site of the Arlington main campus, has watched their stock steadily climb in the past 30 days.  Although TARTAN only sells commercial real estate we have taken several casual calls from friends and acquaintances asking our opinion of JBG’s stock and their chances of having the winning bid.  And over the weekend we fielded several calls and emails from speculators looking to grab property before the announcement.  So what do you think will happen if Amazon brings 50,000 jobs to Rt. 1 in Arlington and Alexandria…. higher property values for residential and commercial, gridlock on the streets, empty buildings filled, new buildings built, tax revenue windfalls for the local coffers?  We might get it all.  It is likely that some owners have not rushed to lease or sell in in this area, in hopes of news that might bring more value or tenant prospects.  We have a 17,000 SF Alexandria warehouse right on route 1 that will surely be more interesting to the market if Amazon is in the neighborhood.  Click here to check out that property.  Stay tuned because we only have to wait a little longer for the announcement.

Tartan Properties Commercial is a leader in Northern Virginia commercial real estate sales and leasing since 1973.  Call our office today for more information on properties that could be affected by the Amazon HQ2 if it comes to Arlington-Alexandria.

 

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November 5, 2018

@home real estate Purchases Office Building

May 2018 – On behalf of the seller Tartan Properties Commercial brokered the sale of 1423 Powhatan Street.  The office building will be renovated and redesigned to be the sales office and design studio of @home real estate.  Karen Hall, principal broker, of @home announced to her team on May 22nd of the plan to relocate.  Hall released on social media that “being in real estate you appreciate the value of owning vs. renting and that the needs of her growing team required better space and more parking so they made the decision to purchase their an office building.”

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May 23, 2018

Tartan Sells Triple Net Investment Property

April 2018 – Tartan Properties Commercial is pleased to announce the sale of 200 N. Fairfax Street in Old Town Alexandria.  The fully leased, historic mixed-use property had been fully renovated and released in 2016.  The three residential unit building is anchored by the local and wildly successful women’s fashion store,  The Hive.  Tartan is a market leader in Alexandria office space for sale and was able to close the deal on this triple net investment property in an unheard of 25 days on the market at a record low cap rate.  Mike Porterfield was the commercial real estate broker representing the seller and the buyer in this transaction was represented by Britney Patterson of TTR Sotheby’s.  For more information on this transaction call Tartan’s office.

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May 11, 2018

Team RWB Signs Lease for DC Region Chapter

January 2017 – We are excited and proud to announce the recently signed lease of our client Team Red White & Blue (Team RWB), a veterans’ organization whose mission is to enrich the lives of veterans by connecting them to their community through physical and social activity.  Their new 4,500 square foot, Alexandria, VA recreation facility known as its “Firebase” will be used for a variety of activities from seminars to yoga classes and function fitness workouts for the DC/MD/VA regional chapter.  You might even catch to some people hanging out watching a football game.  One unique feature of this fast growing, national organization is that all are welcome to join and participate.  You do not need to be a veteran to join and membership is free.  Check them out at www.teamrwb.com

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January 1, 2017

Back to School & Back to Work

September 2017 – Now that everyone has had a chance to vacuum the beach sand out of their cars and get the kids settled in for a new school year, we want to let you know what has been happening at Tartan Properties Commercial these past few months. If you are reading this post from the website, you have probably noticed we refreshed our visual brand to truly expresses our style.  It highlights the work we have done in a new case studies section and better showcases the services we can provide to our clients.  So, take a minute to surf through our new CRE website, and tell us what you think. (more…)

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September 7, 2017

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