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June 19, 2019  

REIT Offers Virginia Leasing Play

Brandywine Realty is pitching an office building in the Tysons area of Northern Virginia as a leasing opportunity.The 211,000-square-foot property, at 1900 Gallows Road, is just 54% occupied due to the departure of its largest tenant, AT&T. It is expected to attract bids around $37 million, or $176/sf. At that price, the buyer’s initial annual yield would be 5.6%. Newmark is representing Brandywine, a Philadelphia REIT.The property, known...

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