“This transaction represents the growing demand of local investors to deploy capital towards quality assets in strong markets outside of New York."
New York, NY (PRWEB) May 23, 2013
Berko & Associates has successfully advised its clients on the acquisition of a newly constructed Class “A” Office building in Stafford County, Virginia. The property, commonly known as the Quantico Corporate Center (QCCS), has a gross square footage of 141,000 and is 100% occupied on long term leases, the majority of which are signed by military defense contractors.
QCCS is ideally located along Interstate I‐95 and US Route 1 adjacent to Marine Corps Base Quantico in Stafford County, VA. The campus is home to leading global defense corporations and the U.S. Government. With its close proximity to the Nation’s Capital, the campus is uniquely positioned to meet the real estate needs of companies working in the Defense, Intelligence and R&D Community. QCCS is within a 45‐minute drive to Washington, D.C., Fort Belvoir, and the Pentagon.
Berko & Associates’ Investment Sales and Advisory Team worked very closely with the developer, Silver Companies, and with a local New York investor group to secure the acquisition. Managing Director, Agustin Pena, said of the transaction, “This transaction represents the growing demand of local investors to deploy capital towards quality assets in strong markets outside of New York. In addition to this sale, we recently advised on the sale of a 400,000 SF office complex along Philadelphia’s Northeast corridor that had a roster of credit tenants.”
Senior Associate Steve Geller, who advised the Buyer in the transaction, said, “I think that the investment group is very pleased with their growing portfolio of quality assets. Quantico represented a newly constructed solid asset that fits well with their core portfolio of stable, well tenanted properties with a reasonable yield.”
Berko & Associates is a New York based commercial real estate firm specializing in Investment Sales, Structured Finance, and Advisory. Berko’s team of professionals focuses primarily on value added properties in superior locations with strong growth potential. The company’s exceptional knowledge of the local market trends and their complexities creates a competitive edge in discovering deals rarely available to most investors.