Air & Space Forces Association Sells Arlington HQ, Plans Move to ‘More Modern and Flexible Facility’
The Air & Space Forces Association recently sold a long-held, aging office building in Arlington, with plans to move into more contemporary digs.
The association, a nonprofit that advocates for the military branches for which it is named, has its national headquarters in the roughly 85,000-square-foot, 1980’s era Class B office building at 1501 Langston Blvd., which it owned for more than 40 years – until June 1, when it sold the property to Taicoon 1501 Langston LLC. The association is leasing space there on a short-term basis until it moves to a new, yet unsolidified location.
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View the full article in the Washington Business Journal
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“A more modern and flexible facility will enhance our operational capability and open new doors to growth in the future,” Bruce Wright, the association’s president and CEO and retired three-star Air Force general, said in a press release provided to the Washington Business Journal.
The organization’s "mission to modernize" entails "creating new, technology driven space in a location that puts it closer to its business partners and government agencies,” Mindy Saffer, a managing principal at Cresa, which represented the seller in the transaction, said in the release. The association “is working with Cresa to identify a new HQ location but a lease has not been signed yet,” the spokesperson said.
Cresa’s Saffer and Natalie Gosnell joined Stream Realty Partners’ Matt Pacinelli and Charlie Smiroldo in representing the association.