BoatUS HQ in Alexandria to become Public Storage shed

BoatUS HQ in Alexandria to become Public Storage shed

Published at: 2017-11-06 15:35 | Author: CIJ USA
The Boat Owners Association of the United States (BoatUS) has sold its headquarters at 880 S. Pickett St. in Alexandria, Virginia, for $13.7 million to Public Storage. The 92,000-square-foot flex/industrial building will be among the first to be redeveloped as part of Alexandria’s plan to overhaul the Eisenhower West district. BoatUS, a Geico company, has signed an approximately 63,000 sqf build to suit lease on Port Royal Road in Springfield, Virginia, and will vacate the property in mid-2018. Transwestern’s Caulley Deringer, Steve Cloud and Wilson West represented the seller, Indian Creek Company LP, in the transaction.

The building sits on 7.3 acres in an area that qualifies for Alexandria’s Eisenhower West Small Area Plan,” said Deringer. “The plan provides guidelines for development, with an urban design framework intended to connect parcels into a higher-density, green, sustainable environment for a work/live/play atmosphere. With the increased density, the buyer will provide much needed self-storage space to a constrained market.”

Similar Stories:

GLL Real Estate Partners buys industrial facility in Florida for $30m
GLL Real Estate Partners bought an industrial facility in Weston, Florida, for about $30m.  »
PS Business Parks acquires Virginia industrial portfolio for $143m
PS Business Parks has acquired Northern Virginia Industrial Park and Fullerton Industrial  »
Warehouse-office property near Miami airport changes hands
The Dayan family from Brazil purchased the leasehold interest in a two-building warehouse  »
Liberty Property Trust buys 28-acre industrial site in Dania Beach
A subsidiary of Liberty Property Trust bought a 28-acre industrial site in Dania Beach fro  »
The industrial sector of commercial real estate has changed radically over the past few ye   »
industrial logistics brokers are relying increasingly on data to help them find the best p   »
Scott Gregory, market officer at Prologis in Florida, says the breakdown can be seen geogr   »
OPEC is back to its squabbling ways. But investors who are b  »
OPEC is back to its squabbling ways. But investors who are b  »
David Bassanese of BetaShares Capital says the general trend  »
David Bassanese of BetaShares Capital says the general trend  »