Berko & Associates advises acquisition of 41,000 s/f class A office

Berko & Associates advised its clients on the acquisition of a newly constructed class A office building. The property, commonly known as the Quantico Corporate Center (QCCS), totals 41,000 s/f and is 100% occupied on long term leases, the majority of which are signed by military defense contractors. Berko & Associates' investment sales and advisory team worked with the developer, Silver Companies, and with a local New York investor group to secure the acquisition. Managing director, Agustin Pena said,"This transaction represents the growing demand of local investors to deploy capital towards quality assets in strong markets outside of New York." Senior associate Steve Geller, who advised the buyer in the transaction, said, "I think that the investment group is very pleased with their growing portfolio of quality assets. Quantico represented a newly constructed solid asset that fits well with their core portfolio of stable, well tenanted properties with a reasonable yield."