Our Portfolio

The Mark is a 169-unit luxury mixed-use apartment community located steps from the Innovation Center Metro Station in Herndon, VA. Built to condominium specifications in 2007, the building contains large units, above-average ceiling heights and high-end finishes. The property contains over 15,000 SF of neighborhood retail as well as a 311-space secure parking garage and a resident-only pool and fitness center. The Mark benefited from modest in-unit renovations and was converted from partial corporate use to full market rate. The property was sold in October 2021.

Land site that Penzance pre-developed and designed then sold to a Chicago-based developer.

Square 516 Residential was an investment in conjunction with 455 Massachusetts Avenue, NW. It was developed by Penzance with ASB as an equity partner.

74-unit apartment community located at the entrance of Ft. Myer in the desirable Penrose neighborhood of Arlington VA. The property provides convenient access to the Rosslyn-Ballston Corridor and downtown Washington, DC.

Four-building portfolio totaling 32 apartments units. Penzance executed a $1.2 million gut-renovation including upgrades to kitchens, bathrooms, flooring, electrical, and plumbing systems. The property was incorporated into the Myerton community achieving significant cost savings through operational synergies and providing access to the Myerton amenities.

Retail building centrally located within a four-parcel assemblage. Penzance purchased the asset as a “spike-parcel” and ultimately sold the property to a development firm which is moving forward with a large-scale residential project on the site.

1,000,000 million square feet of fully-approved mixed-use development located at the future Innovation Metro Station that is set to open in the third quarter of 2020. The development is currently designed to include approximately 500,000 square feet of trophy office and approximately 500 luxury apartment units and up to 50,000 square feet of retail. The development is located within the larger 1.6 million square foot Innovation Center South master plan development.

A portfolio including one 6-story office building and one 4-story office building located proximate to the Dulles Toll Road in the Reston submarket of Virginia.

12 story 5-star office building located in the East end of DC. The LEED certified building offers controlled entry and convenient access to the Mt. Vernon Square metro station.

4-story office building located in the Georgetown submarket of DC. Conveniently located near the Georgetown Waterfront with views of the Potomac. Penzance sold the property to Millennium Partners who developed what is now the Ritz-Carlton Hotel and Residences in Georgetown.

10-story 4-star office building located in the West End submarket of Washington DC, offering controlled access to the building and convenient access to the Dupont Circle and Farragut North metro stations. Penzance sold the site with additional density rights granting the ability to add additional floors to the building.

12-story 4-star office building located in the CBD submarket of Washington DC with convenient access to the Farragut North metro station and views of the White House.

4-story retail building located in the Dupont Circle neighborhood of Washington DC providing convenient access to both the Dupont Circle and Farragut North metro stations.

3-story office building located in Reston, Virginia on over 2 acres of land.

4-story office building located between the Georgetown and Glover Park neighborhoods of Washington DC. Conveniently located on multiple public transport lines.

8-story trophy office building located in Clarendon, Virginia at the corner of 11th Street and Washington Boulevard. The LEED Silver certified building is conveniently located one block from the Clarendon Metro station.

3-story mixed use office and retail building located in the heart of Georgetown. The building is currently home to the Georgetown flagship Coach store.

A 4-story office building and a 5-story office building located in Fairfax, Virginia on 3.5 acres.

8 story 4 star office building in Arlington, VA. Conveniently located near the Orange and Silver Metro lines

4-property portfolio within the Parkridge office park, Reston’s largest. The office park has two entrances and features an interior ring road with a 2-acre pond, volleyball and croquet courts, a picnic area, and fountains.

Previously a 6-story office building that has since been demolished. Penzance identified 250,000 square feet of additional density that was sold and incorporated into a large-scale residential development.

Single story office building located in Herndon, Virginia. The property is located 1 mile from the Dulles International Airport with convenient access to the Dulles Toll Road. Penzance sold the property to a user-owner.

Single story flex building located in Ashburn VA. Penzance converted the building into commercial condos providing ample surface parking and flex space on 11.89 acres.

Fairfax County land investment that was sold to an educational institution after finding alternative and value-add uses.

Penzance sold the land after predevelopment to a residential developer.