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C&W's $230M Month

Washington DC
C&W's $230M Month

Berkman_Gichner

Cushman & Wakefield DC investment sales pros Steve Gichner and Eric Berkman (above), along with colleague Andrew Asbill, have had an eventful six weeks, closing $230M worth of deals throughout the Northeast. One of those closed last Thursday, as the team repped the seller in the trade of 460 Herndon Parkway, a 205k SF office building in Herndon, for an undisclosed price. Steve tells us they've also closed deals in Baltimore and New Jersey as well.

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As for 460 Herndon, Steve says buyer Parmenter Realty Partners was attracted to the building's stability (Boeing is the anchor tenant, occupying 82%) as well as its easy access to great amenities and employees. And the arrival of the Metro in 2018 wasn't a dealbreaker either, he says.