ARLINGTON, Va.—January 12, 2023—The National Science Teaching Association (NSTA) today announced that it has completed the sale of its headquarters building for $14 million to The FORTIS Companies, a Washington, D.C.-based real estate development and investment company.  The northern Virginia location represents one of the last commercial development sites in the Rosslyn-Ballston corridor in Arlington. The property includes a 48,000-square-foot office building located at 1840 Wilson Boulevard with two on-site restaurants: Rhodeside Grill at 1836 Wilson Boulevard and il Radicchio at 1801 Clarendon Boulevard.

“The COVID pandemic gave NSTA the opportunity to reflect on the need for office and meeting space in the Washington, D.C., area,” said NSTA Executive Director Erika Shugart, Ph.D. “The organization was able to continue to function at a high level throughout the pandemic, while staff worked remotely and NSTA members were able to take part in many excellent virtual meetings and professional programs. After a long and thorough process and careful consideration, our board of directors decided to sell the property.”

CBRE represented NSTA in the transaction, led by Senior Vice President Dean Stiles and Senior Vice President John Sheridan. 

“CBRE was pleased to have facilitated the sale of this prime office building on behalf of our client," says CBRE Senior Vice President Dean Stiles. "The property received a high level of interest from prospective buyers, and we are confident that it will be a valuable asset for FORTIS."

The office building at 1840 Wilson contains four floors with an existing underground parking garage of 136 spaces. The property is less than a quarter-mile walk to the Courthouse Metro Station and is recommended for mixed-use redevelopment within the county’s Rosslyn-to-Courthouse Sector Plan. 

“Looking to the future, NSTA will continue its efforts on furthering the Association’s mission to transform science education to benefit all,” added Shugart. “We will work to provide equitable programs and strategies that empower educators at all stages of their professional journey and help to create a world where science literacy and education are recognized as vital to the future of our society.”

About NSTA
The National Science Teaching Association (NSTA) is a vibrant community of 40,000 science educators and professionals committed to best practices in teaching science and its impact on student learning. NSTA offers high-quality science resources and continuous learning so that science educators grow professionally and excel in their career. For new and experienced teachers alike, the NSTA community offers the opportunity to network with like-minded peers at the national level, connect with mentors and leading researchers, and learn from the best in the field. For more information, visit www.nsta.org or follow NSTA on Twitter, Facebook, Instagram, YouTube, and LinkedIn.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

About The FORTIS Companies
FORTIS is a Washington, D.C.-based real estate development and investment company that is focused on creating extraordinary multifamily residential and mixed-use projects.  Our strength is in identifying underutilized properties in both long-established and developing neighborhoods and transforming them into sought after real estate assets through our thoughtful and creative vision.  The FORTIS team has built more than 4,000 multifamily units in the DC region with a combined value in excess of $1 billion.  Please visit our website at www.fortiscompanies.com.
 

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Contacts:
Kate Falk, NSTA
(703) 312-9211
kfalk@nsta.org

Ashley Houk, CBRE
(202) 585-5676
Ashley.Houk@cbre.com

Matt Bunch, FORTIS
202-558-7579
matt@fortiscompanies.com