Normandy Real Estate Partners, the Morristown, New Jersey-based real estate investment and management firm, has sold 1775 Wiehle Avenue in Reston, Virginia to Bethesda-based First Potomac Realty Trust for $41 million. Terms of the deal were not disclosed, though it is known that Paul Collins, Bill Collins, James Cassidy, Drew Flood, and Jud Ryan of Cassidy Turley represented the seller in the transaction.
The five-story, 125,444-square-foot office building was built in 2001 and provides immediate access to the Reston Town Center, which offers 40 retail stores, a wide variety of eating establishments, multi-family residential, and a 517-room Hyatt Regency Hotel. 1775 Wiehle offers tenants 25,000 square foot floorplates with high ceilings, 30' x 30' column spacing, 15% multi-tenant core factor, 9' finished ceilings and virtually column-free workspace. The building is 100% leased with Odin, Feldman & Pittleman, P.C. as the largest tenant.
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