400 11th Street South

400 11th Street South 2019-07-23T11:15:07-04:00

Project Description

Brokers:
John Pellerito | Paul Norman

Client:
Verizon

Parcel Address:
400 11th Street South, Arlington, Virginia 22202

Use:
Urban Residential

Challenges Encountered:

  • Constrained property adjacent to a Verizon communications center. Significant adjacent and underground infrastructure that had to remain in place and functional
  • Limited buyer pool due to relatively small project size
  • Unique property shape and size required creative design and thoughtful planning

Results Achieved:

  • Worked with land use counsel and planners to prepare a conceptual design to maximize values, while addressing constraints associated with the Verizon communications facility
  • Completed transaction with LCOR, who owns an adjacent building and had the unique ability to add 15,000 square feet of additional land to increase the project size
  • Achieved above market value for our client, through thoughtful and effective marketing process

For more information, please contact:
john.pellerito@cushwake.com

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