Alexandria, VA – Cushman & Wakefield announced today that the real estate services firm has been selected by Asana Partners as the exclusive leasing agent of 500 Montgomery Street, a 108,000-square-foot office building with retail on the ground floor.
A Cushman & Wakefield team of Moe Hamilton, Eric Berlin and Ellison Cook will lead leasing efforts on behalf of Asana Partners.
“We are thrilled to be working with Asana Partners to lease up 500 Montgomery Street,” said Hamilton. “Asana is planning some exciting renovations for common areas throughout the building, as well as an enhancement of the retail component on the first floor, which will further activate the building within the community.”
The building features an on-site fitness center, lobby and elevator renovations, and is located across from the newly delivered Edens Center which features 60,000 square feet of retail.
500 Montgomery Street is ideally located in Old North Town’s North End just ten minutes from Reagan International Airport. The building is easily accessible by Braddock Road Metro; GW Parkway; Interstates 95 and 495; and Routes 1, 7 and 236. The property is in proximity to the waterfront and is surrounded by multiple retail, restaurant and residential options.
MRP Realty has been retained to provide property management services for 500 Montgomery Street.
About Asana Partners
Asana Partners is a vertically integrated real estate investment company that creates value by acquiring, enhancing, and operating distinctive mixed-use and retail properties in dynamic urban and near-urban neighborhoods in the United States. For more information, visit www.asanapartners.com.
About MRP Realty
Founded in 2005, MRP is a real estate developer and operator focused on opportunistic and value-add investment in the Washington, DC, Washington, D.C., Maryland, Virginia, Pennsylvania, New York City, and Nashville. Since the firm’s inception, MRP has deployed $6.9 billion total capitalization in the Washington, DC, Maryland, Virginia, Philadelphia, New York, and Nashville markets – an average of over $433 million per year. MRP has a current interest in 27.7 MSF of existing or under construction properties with land interests totaling over 10 MSF, and office management of over 8 MSF. MRP has consistently been ranked in the top 10 most active developers in the Washington, DC, metropolitan area by the Washington Business Journal since 2014.