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WASHINGTON, DC-Rreef is doling out portions of its national real estate portfolio that it owns on behalf of institutional clients. Up until now, it has managed the multi-million-square-foot portfolio itself. It is now transitioning out of that role awarding delighted local brokers with new assignments. In the DC area, Transwestern is one of the big winners.

It has been selected by Rreef to take over the 11.1-million-square-foot DC area portfolio. The portfolio includes such notable properties as 1800 K St., a 205,000-square-foot office; 8280 Greensboro Dr., a 210,000-square-foot building in McLean, VA; the 395,000-square-foot 2020 K St.; Gateway Commerce Center, a 1.9-million-square-foot, three-building industrial complex located in Columbia, MD; and Point Breeze Business Center, a 1.8-million-square-foot, six-building industrial center located in Baltimore. The transition to Transwestern should be completed by the end of 2009.

Jones Lang LaSalle will be managing Rreef’s retail assets–two of which are located in Fairfax County. They are the 395,199-square-foot Crossroads Center in Falls Church, VA and the 119,093-square-foot Springfield Commons in Springfield.

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