Advisory Platform Case Study: Asset Advisory Services For Federal Realty

Jan 6

1 min read

Silverline Equities was hired by Federal Realty to help reposition 2700 S. Quincy Street, Arlington, VA to increase occupancy and cash flow. The building is a 100,000-sf mixed-use office building within a dynamic mixed use retail driven neighborhood.

Leveraging our experiences and knowledge from Space+ and the current market, we advised Federal Realty to deliver two floors of town hall speculative suites totaling 25,000 sf. The results of phase 1 on the 2nd floor (outlined on the right) provided the evidence to expand the program to the 4th floor in green below.

We have increased occupancy of the property by 37% to 78% leased.

Federal Realty Town Hall

• Downtime from Delivery to Execution 0.8 Months

• Weighted Average Lease Term 69.8 Months

• Total SF Leased Phase 1 11,944

• Rent Premium 28%

• Core Factor 25%

Asset Advisory Services For Federal Realty