ROBINSON TERMINAL ENGAGES STUDLEY, INC. TO SELL LAST TWO WATERFRONT DEVELOPMENT SITES IN ALEXANDRIA, VA
Washington, DC (February 5, 2013)
Studley, Inc. has been exclusively retained by Robinson Terminal to market for sale Robinson Terminal North and South, the last two prime waterfront redevelopment sites available in historic Old Town Alexandria. Robinson Terminal is a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO). The sites are located across the Potomac River from Washington, D.C. and represent a prominent redevelopment opportunity within one of America’s most storied and vibrant neighborhoods.
The two Terminal properties offer the potential for more than 600,000 square feet of mixed-use redevelopment on approximately 6.7 acres of land and include 1,000 linear feet of Potomac River frontage and 2,000 linear feet of street frontage on major Old Town thoroughfares. Due to their size, sought-after location and excellent water views, the Terminal sites have been a key focus of the Alexandria City Council’s Waterfront Small Area Plan, which seeks to establish redevelopment goals for the Old Town Alexandria waterfront.
Studley brokers Vernon Knarr and Arthur Greenberg are spearheading the marketing efforts to sell these assets.
“We are excited to offer these unique waterfront assets for sale,” said Knarr. “The sites, which are less than half a mile apart, are the bookends of the vibrant redeveloping Old Town waterfront. They have breathtaking unobstructed river views of Washington, D.C. and present a tremendous opportunity for new residential, hotel, commercial, retail, restaurant and other transformative mixed uses in the heart of Alexandria,” added Greenberg.
Robert W. Taylor, President of Robinson Terminal, said, “We have decided that the time is right to market the North and South Terminals on the Alexandria waterfront, where we have had a long history of operations. As the business has evolved over time, we can consolidate operations in Springfield, VA and continue to provide high-quality service to our customers. We’re optimistic that the market will respond favorably to the offering.”
For information about these two properties, please contact Vernon Knarr, Executive Managing Director (202) 624-8513 email@example.com, or Art Greenberg, Executive Vice President (202) 624-8519 firstname.lastname@example.org.
About Robinson Terminal
Robinson Terminal has been actively involved in the warehousing business since 1939. The company is a wholly-owned subsidiary of The Washington Post Company (NYSE: WPO). Robinson Terminal is experienced in handling various types of commodities and products. The Terminal is one of the largest handlers of newsprint on the East Coast. The company operates warehouse and terminal facilities in Alexandria and Springfield, VA, with rail and truck links to all parts of the continental Unites States, Mexico and Canada. More information on Robinson Terminal is available at http://robinsonterminal.com.
Studley is the leading commercial real estate services firm specializing in tenant and user representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants and users with their commercial real estate transactions. Today, with 24 offices nationwide and 25 international locations, Studley provides strategic real estate consulting services to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com.