ARLINGTON, Va., Sept. 11, 2019 /PRNewswire/ -- 2900 S. Quincy, also known as Shirlington Tower, has been reeling in new tenants like striped bass from the Chesapeake. In the first three quarters of 2019, Moore & Associates attracted fourteen (14) new deals totaling approximately 45,000 square feet, bringing the building to 100% occupancy and increasing rental rate significantly. This is an incredible amount of leasing activity for a single building in the Arlington market. Moore & Associates, operator along with partner Velocis, knew it was just a matter of time before the Arlington market rebounded, especially in the amenity loaded area of Shirlington. Moore leasing representatives Daniel Purrington and Ed Asher appreciate the support of the local brokerage community and value their continued support for Moore projects. According to Chethan Rao from Newmark Knight Frank, “Tenants really appreciate the value this property brings inside the beltway. It has great access to amenities, public transportation and major roadways. Having completed a few deals in the building, I knew we could negotiate a fair deal with Moore and Velocis to accommodate my client’s needs.” Newmark, Cushman, CBRE, Cresa, JLL, Ezra, Broadstreet, Colliers, and Savills all have been great to work with.
Founded in 2010, Velocis is a private equity real estate fund manager building a diversified portfolio of office, medical office, retail and mixed-use assets in select U.S. growth markets. With a singular focus on real estate investing, we bring deep market experience and targeted expertise to the sector.
About Moore & Associates
Since its founding in 1979, the Moore team has enhanced the value of its commercial real estate investments through proactive management, leasing, and tenant interior construction, strengthening the decades long belief that platform execution drives down risk while increasing overall return. Moore's portfolio currently includes $510 million in assets under management, consisting of 1.9 million square feet of commercial real estate. Furthermore, Moore has developed numerous low and high rise office buildings.
Vince Coviello, Moore & Associates
SOURCE Moore & Associates