Carr Properties is actively seeking to acquire additional office investment properties in the Washington, DC area and favors properties in urban, transit-oriented locations. Our investment team is experienced with a variety of transaction structures including tax deferred acquisitions, entity purchases, corporate mergers and portfolio transactions.
Generally, Carr Properties seeks acquisition opportunities valued at more than $50 million. Examples of the types of investments we are currently seeking are:
- Existing stabilized office properties in metro-served locations;
- Office properties that offer a redevelopment or repositioning opportunity or that are under lease from a market rent or occupancy perspective;
- Land for development of new office properties; and
- Portfolio purchases.
We bring a proven track record of superior quality development throughout the Washington, DC region. Carr Properties has developed some of the region’s most prominent office buildings as well as notable mixed-use, residential, retail and cultural properties. Recent developments include 901 K Street, NW and 1700 New York Avenue, NW in Washington, DC, 1701 Duke Street in Alexandria, Virginia and 4500 East West Highway in Bethesda, MD. The company currently has two additional sites available for development in Arlington, Virginia: 2311 Wilson Boulevard and 2025 Clarendon Boulevard. In addition, the company will be redeveloping Midtown Center in Washington, DC (previously known as the Washington Post Site) at 15th and L Streets into a preeminent 875,000 SF mixed use project that will include office and retail space.
We seek to create value for our shareholders and clients through the development of sophisticated projects in the District and throughout the metro area that have a dynamic, positive relationship with their local neighborhoods, are of premier quality, and have key custom features designed to meet the needs of our clients. In addition, the company is committed to developing projects at the highest environmental standards (LEED certified).
Carr Properties provides property management services to the properties it owns as well as a limited number of third-party owned properties. We strive to exceed our clients’ expectations by hiring the best people in the field and by combining their experience with state-of-the-art building technology. Our success is a result of proactively executing proven time-tested operational strategies and continually benchmarking our performance against the highest standards in the industry. Our entire organization is committed to providing a best-in-class work environment for our clients.