Boundtrain Real Estate Acquires Arlington Office Asset
The firm plans to reposition the 65,078-square-foot, office property and has selected Cushman & Wakefield as its leasing partner.
ARLINGTON, VA – BoundTrain Real Estate has acquired a 65,078-square-foot, office building in South Arlington, VA from BA Smith, with plans to renovate and reposition the 1970’s asset as a boutique office alternative.
The firm has retained Cushman & Wakefield to oversee all leasing efforts for the property, located at 2300 9th St. Cushman & Wakefield’s Jeanette Ko, Scott Goldberg and Conn Curry will handle the building’s leasing. Colliers International will provide property management services for the property.
BoundTrain Real Estate plans to implement improvements at the eight-story property including a new, main lobby entrance, common areas, restrooms, HVAC system, rooftop terrace and elevator cabs, as well as façade work, security and technology enhancements and newly-constructed, spec-suite offices. The company’s plans for the property additionally include a shared conference room, locker rooms and an outdoor plaza. The office asset currently offers a top floor balcony with views of Washington DC.
“This is a very exciting opportunity for BoundTrain and our investors,” states Michael Klein, managing principal of BoundTrain. “The opportunity to start with a blank slate, to demo the floors down to the structural steel, rebuild and reposition 2300 9th, enables us to deliver what we believe will be a premier office building in high-demand from companies in the immediate and long-term future.”
“The building’s planned improvements, and highly desirable location in the original main street corridor of Arlington, will garner solid interest from companies looking to experience a modern workplace,” says Ko, Cushman & Wakefield director. “We’re eager to see all of the renovations unfold and are confident that the tenants, their clients and employees will reap the benefits and enjoy all that this area has to offer.”
CBRE Inc. represented the seller, BM Smith in the transaction. Sterling Commercial Real Estate represented BoundTrain Real Estate and its partner, the Ridley Companies.
