NEWS RELEASE
FOR IMMEDIATE RELEASE
Colliers International | Chicago
September 11, 2014
Contact
FOR COLLIERS INTERNATIONAL | CHICAGO
Ms. Aimee Val
Vice President, Marketing and Communications
(847) 698-8243
aimee.val@colliers.com
Colliers Team Achieves a National Record High Sale Price for
a McDonald’s Ground Lease
CHICAGO, IL— Peter L. Block, executive vice president, and Eric Suffoletto, senior associate, both with
Colliers International’s Chicago-based Investment Services Group, along with Bob Browning, vice
president with Colliers International’s Washington DC office, represented Airport Motel Associates LTD in
the sale of a 20-year McDonald’s ground lease at 2620 Jefferson Davis Highway in Arlington, VA. The
$7,350,000 sale transaction closed on August 25th, 2014 and was the highest sale price ever recorded for
a McDonald’s ground lease nationally. The buyer was Choi Companies, LLC.
This rare, “generational” investment opportunity is situated in the heart of Crystal City, a dense, core,
urban submarket located just south of Washington D.C. and immediately adjacent to the Ronald Reagan
National Airport. The Property is a 6,005 square-foot two-story building that is leased to McDonald’s
Corporation (S&P: A, Moody’s: A2).
“This property has tremendous visibility in an irreplaceable location, and access to traffic counts in excess
of 60,000 vehicles per day,” said Block. “It benefits from the large pool of area residents, robust daytime
office population, traffic patterns coming to and from Reagan Airport, as well as the visitors staying in one
of the 20 area hotels surrounding the site,” he added.
The McDonald’s Corporation (NYSE: MCD) is the world’s largest chain of hamburger fast food
restaurants, serving nearly 70 million customers daily in 119 countries across 35,000 outlets. McDonald’s
was founded by Raymond Albert Kroc on April 15, 1955 and is headquartered in Oak Brook, IL. Featuring
over 440,000 employees worldwide, McDonald’s has become the leading global food service retailer.
Mark Stofko of Commercial Real Estate Associates Inc. represented the buyer in this transaction.
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September 11, 2014
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