The property involved in the transaction is an office building located at 1900 Gallows Rd, Vienna, VA, 22182. It encompasses 210,000 square feet and is situated in the Vienna market. The asset was previously owned by Brandywine Realty Trust, who completed a renovation of an entire floor of the building, creating ready-to-occupy “spec suites” that range from 2,500 to 3,500 square feet.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: Not disclosed
• Square Footage: 210,000
• Address: 1900 Gallows Rd, Vienna, VA, 22182
• Market: Vienna
• Seller's Representative: James Cassidy - Newmark
• Buyer: Foulger-Pratt

Jud Ryan and James Cassidy, executive managing directors at Newmark Knight Frank, facilitated the sale on behalf of Brandywine Realty Trust. The transaction garnered significant interest from various investors, attributed to the potential for rent increases of up to 40 percent through strategic capital investments in the building.