Shirlington Gateway

ARLINGTON, VA–Monday Properties has acquired the Shirlington Gateway, a 12-story, 206,200 square foot office building located next to I-395.

One of the most recognizable buildings in the region and steps away from Shirlington Town Center, the property traded for less than its assessed value at $40.8 million, according to the Washington Business Journal

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Monday Properties plans to add value to the building through “proactive property and asset management,” said Wes Machowsky, Senior Vice President, Acquisitions. Monday Properties plans to reintroduce the building to the marketplace, he adds.

This announcement comes on the heels of Monday Properties purchasing Dulles Metro Center, in Herndon, Va., as well as Cameron Run Office Park in Alexandria, Va.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.