Tavern Square

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the Owner, is pleased to present this opportunity to purchase Tavern Square (the “Property”), a 171,738 SF, 84% leased, mixed-use asset that encompasses almost an entire block of Old Town Alexandria along historic King Street.

Prominently fronting King Street, the Property was renovated in 2019 and has demonstrated tremendous leasing velocity with over 130,000 SF (80% of RBA) of both new leases and renewals since 2020. The

property’s diverse roster of 23 tenants, comprised of national and local professional services, is anchored by the City of Alexandria (33.4% of RBA, LXD Aug-33, AAA Moody’s). Adjacent to Alexandria City Hall, the Property possesses additional upside through further expansion and extension of the City of Alexandria’s l eased premises.

Centrally located on Old Town’s famed King Street, the Property provides a rare opportunity to control a significant footprint along one of Washington, DC’s premier retail corridors. Just steps from the Alexandria

waterfront and King Street’s pedestrian-only blocks with walkable access to the high-end residences, dining, shops, and entertainment of Old Town, Tavern Square provides tenants a true live-work-play experience.

Beyond today’s stability and diversity of cashflow, the Property also represents an opportunity to establish a tremendous foot hold on an entire block of Old Town Alexandria. With superior Old Town demographics and favorable King Street Retail Zoning (2.5 Residential FAR with a special use permit) Tavern Square would also be a candidate for conversion and/or redevelopment to residential in the future.

Accordingly, Tavern Square provides investors a generational investment opportunity to acquire a prime King Street asset at an attractive basis with durable income and long term upside through an array of repositioning options and alternative uses.