Greysteel, a national commercial real estate investment services firm, has been named exclusive advisor and agent for the sale of Del Ray Development Sites, a rare development site located in Alexandria, VA.

Greysteel Managing Director Kyle Tangney and Investment Associates Herbert Schwat and Max Freedman, of the Company’s Washington, DC office, are marketing the property.

Located at 2903 Mount Vernon Avenue and 104 Hume Avenue, Del Ray Development Sites is considered one of the last development opportunities in Del Ray, which has quickly become one of the DC MSA’s most desirable neighborhoods. The site is currently occupied by a commercial parking garage and office building, situated on the active corner of Mount Vernon Avenue, Commonwealth Avenue, and Hume Avenue. With over 125 square feet of frontage, the property is easily visible to the 19,500 daily traffic count.

“With an already existing and popular neighborhood coffee and wine bar next door, the redevelopment of 2903 Mount Vernon Avenue will create a link between the retail corridor to the north at W Glebe Road and the numerous independently owned shops and restaurants that line Mount Vernon Avenue to the south,” said Mr. Tangney.

About Greysteel:

Greysteel is a commercial real estate and capital markets services firm with ten offices located in Phoenix, AZ; Los Angeles, CA; Denver, CO; Washington, D.C.; Baltimore, MD; New York, NY; Philadelphia, PA; Dallas, TX; Fort Worth, TX; and Norfolk, VA. Greysteel serves and advises private and institutional real estate investors and developers in the marketing, sale, and financing of private capital and middle-market real estate assets. www.greysteel.com