Commercial Real Estate Blog

@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

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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

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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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Surveying Employees to Design your New Space

August 2017 – Is your company overdue for a new space?  Perhaps your staff talks about it openly—or maybe everyone just “knows” that your current location is too small or not conducive to the business you’re currently trying to run.  You’re almost ready to call a commercial real estate broker.  You have an idea of how much space you need and what your budget will be and a general idea of what type of space you want but, after that, it’s a little fuzzy.  How are you going to design your new space? (more…)

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August 1, 2017

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Best Advisors Give “Tough Love”

July 2017 – Nobody likes to be the bearer of bad news and certainly we are no different.  But the good thing for our clients is that we are willing to give “tough love” when it’s necessary.  In the realm of commercial real estate, that tough love can sound like this:

  •      “We can list your property, but you should be prepared for a nine- to twelve-month marketing period until it sells or leases.”
  •      “We can list your property for the amount you want, but it will likely take several months longer or might never sell at that price.”
  •      “We encourage you make these particular improvements to your property before putting it on the market, but if you want to sell “as-is,” it will have to list at a lower price.”

(more…)

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July 1, 2017

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