Trimark Corp. is bringing the condo conversion craze to the town of Vienna's tallest building.
The Falls Church-based real estate firm plans to make the six-story White Oak Tower on Maple Avenue, into an office condominium, and sell 2,000- to 3,000-square-foot office suites for around $310 per square foot.
In recent years condominiums have "become the hot commodity," said Trimark principal C. Russell Rowzie.
Trimark's sales pitch ran into some resistance from Vienna's Town Council, but not over the price per square foot. In June, the council voted against the condo conversion, citing insufficient off-street parking. Yet a few weeks later, council member Sydney Verinder asked for reconsideration and reversed his vote. Verinder's change of heart made the vote 4-3 in favor, allowing Trimark to proceed.
Even in its Money magazine write-up, the No. 4 Best Place to Live in America got flak for its congested Maple Avenue corridor. "Right now there is a sensitivity in the town of Vienna to parking," said Rowzie.
Over the River and Through McLean
Reznick Group principal Alex Castelli has decided to cross the Potomac River and bring approximately 20 to 25 accounting professionals with him.
The Bethesda-based accounting, tax and business advisory firm announced earlier this week that it's on the hunt for approximately 7,500 square feet of office space in Tysons Corner. Reznick Managing Partner Kenneth E. Baggett said the firm had focused on expanding nationally over the past few years, but it recently set its sights closer to home. He cited two reasons: great business opportunities for Reznick right here and that many of the firm's employees already commuted from Northern Virginia. "That corridor has grown up from a business standpoint," said Baggett. "We're very excited to be part of the Northern Virginia community."
Ranked among the top 20 firms in the nation, Reznick Group calls itself the largest CPA firm headquartered in the mid-Atlantic area and the largest outside of the Big Four accounting firms in the Washington metropolitan area.
Movers and Shakers
* Timothy Morin has been named vice president of technology development at Defywire Inc., the Herndon-based wireless technology firm.
* Joel Strauch has joined Updata Capital as senior vice president in the firm's Reston office. Prior to signing on with the tech mergers and acquisitions specialist, Strauch worked at Katalyst, a Philadelphia-based private investment firm, as well as First Albany Corp., Alex. Brown & Sons and H. C. Wainwright & Co.
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