neo DC, is a stabilized 233,466 square feet Grade A multi-let office asset in the coveted submarket of Shirlington in North Virginia. The property benefits from an excellent location; it is just ~3 miles away from Amazon’s East Coast US Head Quarters in National Landing, as well a mere a 6- and 10-minute drive away from the Pentagon and Washington DC respectively. As such, the asset has positioned itself well as the headquarters for a range of technology, cybersecurity and government backed tenants.
neo capital’s conviction in this investment is a function of multiple facets; Primarily, we see the asset as being a direct beneficiary of Amazon’s “Multiplier Effect” from both a leasing and rental growth perspective.