Invesco Purchases LEED Platinum Arlington Building For $90M
Invesco Real Estate, an Atlanta-based company, purchased the office complex at 1776 Wilson Boulevard in Arlington, West Virginia for $90 million, or $650 per square foot for a total 139,394 square feet.
This is the first property under the current US Green Building Council’s Core & Shell certification program to receive LEED Platinum certification in Arlington. The building was developed by Skanska, and it has sustainability-enhancing features such as a building dashboard that enables monitoring of tenants’ energy consumption, air sensors to control the ventilation system so that it achieves the best possible balance of power consumption and air quality, a large green roof, a PV solar panel system which covers more than 1% of the building’s energy use (this is better than nothing).
This building’s tenants will have access to a shower, gym, and a green roof terrace.
According to CoStar Group:
Skanska acquired the development site in May 2010 and self-financed 100% of the development costs. Skanska USA Building carried out the construction. Additional D.C.-area Skanska USA projects include 99M St. SE in the Capital Riverfront, 22M, 44M and 88M St. NE in NOMA, and 2100W Pennsylvania Ave. NW.
Paul Collins, William Collins, Drew Flood, Jud Ryan and James Cassidy of Cassidy Turley coordinated the disposition on behalf of Skanska USA.
Source: CoStar Group.