Washington, D.C., November 17, 2017 – Colliers International, an industry leading global real estate company with more than 15,000 skilled professionals operating in 68 countries, was awarded the 2017 NAIOP Northern Virginia Award of Merit for the Real Estate Transaction Sale of the Route 28 South Flex Portfolio.
The Award was accepted by David Gast, Executive Vice President with Colliers International’s Capital Markets team. Mr. Gast represented Buchanan Partners in the purchase of the Route 28 South Flex Portfolio purchased from Ares Management, LLC. The 14-building purchase totals 706,000 SF and includes Albemarle Point, Dulles Business Park and Dulles South IV for a final price just over $81M.
Managing Director David W. Parker noted, “This is an extraordinary real estate deal. While the portfolio was not openly marketed, the transaction occurred because of David’s creativity and market knowledge. He created an opportunity for both the buyer and the seller where one did not necessarily exist.”
Having closed over 730 transactions, Mr. Gast has a unique ability to structure creative deals to help further the interests of his clients. “Colliers works to understand the needs of its clients and the dynamics of the market. The intersection of these points is where a transaction takes place,” says David “It was good old fashion brokerage that brought together the buyer and seller in this transaction. It’s an honor to receive this award for a deal of this caliber.”