Buildings Who's Who - Charles E. Smith Co.

08/07/2001 |

“Our portfolio strategy is to build leadership in key Washington area submarkets through the ownership of high-quality, well-located properties,”

In January, Charles E. Smith Cos. further secured its spot as a major player in the greater Washington, D.C.-Dulles Technology Corridor. The privately held commercial real estate firm acquired the $109 million Reston Executive Center I, II, and III, in Reston, VA, from REC Partners LP. The Executive Center's three six-story office buildings offer a total of approximately 487,000 square feet of net rentable area.

The latest Dulles acquisition complements the company's purchase last summer of Tysons Dulles Plaza, a 475,000-square-foot, three-building, Class A office property in Tysons Corner, VA. The property was acquired from a pension fund advisor in a transaction valued over $100 million.

"Our portfolio strategy is to build leadership in key Washington area submarkets through the ownership of high-quality, well-located properties," says Ken Mc- Vearry, executive vice president of Charles E. Smith Commercial Realty. "These acquisitions substantially increase our presence in the fast-growing Tysons/ Dulles Technology corridor."

A diverse portfolio of office, retail, and residential buildings puts the Charles E. Smith organization in a stronghold position within all facets of the real estate market. On the commercial side, it owns, acquires, develops, leases, manages, and arranges financing for commercial office properties - both for its own account and for other property owners and tenants.

It owns and/or manages approximately 18 million square feet of office and retail space owned and/or managed in the Washington, D.C. metro area, Baltimore, and Richmond, VA, as well as approximately 29,000 residential units in the Washington, D.C. metro area, Chicago, Boston, and southeast Florida through its publicly traded residential division.


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