Old Town Alexandria, VA

The Kingsley Apartments

Manassas, VA

BerkleyNet Center

Gainesville, VA

Heritage Hunt

Manassas, VA

The Landing at Canon Branch


Recent News

12
Feb 2019

Elion Partners and Buchanan Partners Acquire a 1.6 Million Square Foot Industrial Portfolio in Washington D.C. Metro Area, Expanding Mid-Atlantic Industrial Footprint

Joint venture marks fourth partnership between Elion and Buchanan Miami, FL and Gaithersburg, MD, February 12, 2019 – Real estate investment firms Elion Partners (“Elion”) and Buchanan Partners (“Buchanan”) today announced the acquisition of a 1.6 million square foot industrial portfolio, spanning 34 buildings spread across six locations in the Washington D.C. Metro area. Within this transaction, Elion and Buchanan have replicated their ongoing investment strategy, which focuses on investing in key assets at- or below- replacement cost with strong occupancy fundamentals in supply-constrained locations. The newly acquired assets are in close proximity to the Washington Dulles International Airport and service tenants primarily in the government contract sector.

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11
Feb 2019

Buchanan Partners plans 'Quartz District' for 145 untouched acres in Woodbridge

Gaithersburg-based Buchanan Partners is planning to transform 145 undeveloped acres in Woodbridge into a walkable mixed-use development. If built, the "Quartz District" project would add to Buchanan's growing portfolio in Prince William County and the city of Manassas, where the firm has developed more than 1 million square feet of retail and commercial over the past 20 years. The Quartz District is planned for the prominent intersection of Prince William Parkway and Minnieville Road. It is owned by a venture of Mitchell Phelps LLC of Woodbridge and Buchanan Partners. Located near Potomac Mills, the project is slated to include 125,000 square feet of retail, 1,000 residential units including townhomes, multifamily and condos and approximately 200,000 square feet of office. Kingsley McAdam, a principal with Buchanan Partners, said the company is currently working with the county on an application it submitted in October to rezone the property to a planned mixed-use district. He hopes to gain county approval by the end of this year or early next year. Initial infrastructure work could begin by 2021.

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08
Feb 2019

Groundbreaking Expected Soon for 254 Apartments at Glenmont Metro

While Metro is marketing a couple of parcels of land adjacent to Glenmont Metro station, another nearby development may soon break ground. Elion Partners and Buchanan Partners partnered up to purchase a 164-unit multifamily building and adjacent 3.5-acre parcel a short walk from Glenmont Metro station in December. The partnership will renovate the existing apartment building and construct an additional 254-unit multifamily building on the surface lot at Georgia Avenue and Glenallan Ave. M/I Homes of DC is currently constructing 46 townhouses near the site, for which approval was granted in May 2018 simultaneous to the planned 254-unit building. The project was also approved to include 4,000 square feet of retail.

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08
Nov 2018

Bob Buchanan recipient of ULI's 2018 Lifetime Achievement Award

ULI Washington, DC presented its prestigious 2018 Lifetime Achievement Award to Buchanan Partners Principal and 2030 Group President, Bob Buchanan. The award recognizes a leader from the Washington real estate community whose life exemplifies the mission of ULI and who, in addition to a lifetime of commitment to real estate, has given back to the community through demonstrated civic, charitable and philanthropic endeavors.

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Our Services

Acquisitions & Development

Buchanan seeks out and executes development and value-add investments in the path of growth, where strong underlying demographics and a mismatch between future demand and current supply meet to create opportunity. As an entrepreneurial group with decades of experience developing and operating projects across the full asset spectrum, we are able to move with the market, whether the current environment favors residential, office, retail, or industrial investments.

Entitlement

We operate at the forefront of the land use process, carefully balancing competing interests to maximize value creation for all stakeholders. Our in-house land planning expertise and longstanding relationships with local government agencies have allowed us to successfully navigate the planning and approvals process in over 15 jurisdictions across the Washington D.C. metropolitan region. Along the way, we have become immersed in the communities where our projects take place, even after exiting financially.

Asset Management

Buchanan is vertically integrated: we have assembled a talented team of property management, engineering, and maintenance professionals and combined it with the latest in building technology to provide best-in-class operational performance. Our internal construction management department works with tenants to craft build out solutions catered to their budget and schedule. We couple this hands-on approach with excellent capital markets relationships to realize the full value potential in every asset.