Class-A Office Building in Vibrant Ballston Grows In-Rel’s Portfolio in the DC metro region.

Arlington, VA – December 20, 2024 – In-Rel Properties is pleased to announce the acquisition of Ballston Gateway, a premier Class A office building located at 3865 Wilson Boulevard in Arlington, Virginia. This strategic acquisition underscores In-Rel’s conviction in high-quality, value-driven office assets located in dynamic markets.

The 145,672-square-foot Ballston Gateway, an award-winning property, is located in the heart of Arlington’s thriving Ballston neighborhood, a young, live-work-play destination in the DC metro area. The property is currently 71% leased to a strong mix of tenants, including major government contractors and leading defense and technology organizations.

Ballston Gateway recently underwent a $4.6 million renovation, which modernized its lobby, tenant lounge, conference center, and spec suites, earning it a 2023 NAIOP award for excellence. The building’s high-end amenities and its prime location make it highly attractive to both existing and prospective tenants seeking connectivity, quality, and a vibrant business environment.

“We are thrilled to add Ballston Gateway to our portfolio,” said Jackson Siegal, Principal at In-Rel Properties. “Its strong tenant base, exceptional renovations, and location in one of Northern Virginia’s most dynamic submarkets make it an excellent opportunity for both immediate income and longterm value creation. We look forward to implementing our business plan to further enhance the property’s occupancy and tenant experience.”

Burke & Herbert Bank proudly served as the finance partner for the acquisition, supporting In-Rel Properties’ vision to create thriving spaces that drive growth and enrich communities. “Projects like Ballston Gateway reflect the dynamic growth of Northern Virginia and the opportunities it offers to businesses and residents alike,” said Michael Solomon, Regional President of Burke andHerbert Bank. “We are proud to support this acquisition, knowing it will play a role in strengthening Arlington’s business community and fostering long-term economic development.”

In December of 2023, In-Rel made its first acquisition in the DC metro area with the purchase of 7500 Old Georgetown Road in Bethesda, Maryland. In-Rel Properties remains committed to investing in quality real estate assets that align with its mission of providing exceptional spaces for tenants. This acquisition furthers the company’s strategic focus on value-add opportunities in competitive, high growth markets.

About In-Rel Properties

Founded in 1984, In-Rel Properties is a privately held commercial real estate investment and management firm with a robust portfolio of office and retail properties across the United States. With a focus on enhancing property value through strategic investment, renovation, and tenant-focused management, In-Rel is dedicated to creating superior commercial real estate experiences. For more information, please visit www.in-rel.com.

About Burke & Herbert Bank

Burke & Herbert Bank is the oldest continuously operating bank under its original name headquartered in the greater Washington, D.C. metropolitan area. With over 75 branches across Delaware, Kentucky, Maryland, Virginia, and West Virginia, Burke & Herbert Bank offers a full range of business and personal financial solutions designed to meet customers’ banking, borrowing, and investment needs. Learn more at burkeandherbertbank.com.