Category: Josh Kurstin

Bell’s Latest Location in D.C. Suburb was Product of Josh Kurstin’s Real Estate Know-How

Josh Kurstin

When your bread and butter is 21st century twin-engine tiltrotor aircraft, an expansive footprint is going to be a prerequisite. This is exactly why Bell – famous for its military and civilian helicopters in the U.S. – sought out real estate services firm JLL. In the end, Bell would move into a part of the Crystal City neighborhood in Arlington, Virginia that was a perfect fit for its very specific needs. Josh Kurstin, of JLL, would play a crucial role in getting the aerospace company into its new 22,000-square-foot digs. It’s an example of what Josh Kurstin is capable of in his professional role, but it’s also a testament to the lengths JLL project management teams will go to when searching for the right footprint.

According to previous reports, retired U.S. Army Major General Jeffrey Schloesser — who is now Bell’s executive vice president of strategic pursuits — wanted a building that would put the needs of its V-280 Valor front and center. The fact that the new office would be within eyeshot of both the Pentagon and Capitol building didn’t hurt, either. The impetus, according to Josh Kurstin, was the fact that Bell wanted a presence within the Washington, D.C. market. Schloesser, whose military experience spans three decades, had an idea of what the V-280 needed to be capable of: “a new way to move troops on a modern battlefield where speed and range are critical.” Moreover, Bell would need to be near the Pentagon. It also wanted to easy access to trains, a space that could showcase Bell’s work as a design and engineering firm as well as being close to Ronald Reagan Washington National Airport.

As the V-280 is a military project, the confidentiality that came with the project shouldn’t come as a surprise. It was the responsibility of Josh Kurstin, Greg Martinez and Michael Blyumin to respect Bell’s desire in that regard as they shopped around for the right space. As a testament to professionalism and skill, the trio landed a 22,000-square-foot site for Bell and its aerospace machinery. The Crystal City site offers visitors a V-280 simulator and interactive mission board as well as a display board that makes communication with military clients, media and D.C. policy-makers easier than ever. Beyond the helicopter-specific needs, the building identified by Josh Kurstin and team also included offices, cubicles, communal areas and conference rooms. While those are requirements that commercial real estate companies receive a bit more often, Bell presented a change of pace and JLL’s team was able to satisfy a client with one-off needs.

Josh Kurstin had Key Role in Commercial Real Estate Deal that Added Two Eateries

Josh Kurstin

Filling vacant commercial real estate can prove to be a bit of a moving target, as businesses regularly come and go. The recent addition of Poke It Up to Ballston Quarter in Arlington, Virginia is one example of effective partnerships and Josh Kurstin was instrumental in the deal. Commercial real estate firm JLL’s Kurstin, who represented the University of Phoenix, says that the Hawaiian poké bowl eatery will be a popular part of the Arlington Square building located at 4401 N. Fairfax Drive. What’s more, “fast-casual” soup and sandwich shop Zoup! will accompany the new Hawaiian eatery so horizons are already looking brighter for the Ballston neighborhood.

According to a 2019 report from the Washington Business Journal, the deal inked earlier this year included efforts by H&R Retail, which represented the building’s landlord; Brookfield Property Partners; HUSB Commercial Real Estate Services, which represented Poké it Up and the aforementioned JLL/University of Phoenix party. “The last retail space available there was leased by University of Phoenix, which signed for 3,354 square feet at 4401 Fairfax,” according to the report. Josh Kurstin expects Poke It Up to be a hit among those living and working in Arlington’s Ballston area. In fact, this is the second Poke It Up location Arlington. ARLNow.com reported in Oct. 2019 that the first “dedicated poke eatery” opened “in the food court of the Fashion Centre at Pentagon City mall. It features a variety of seafood, vegetables, rice, and sauces, ordered Chipotle-style at a counter.”

Finding a tenant to move into the structure along N. Fairfax Drive required some legwork, thus representatives from the two new restaurants, the current landlord and two commercial real estate companies all had to come to the same table. Arlington Square offers on-site and reserved parking, security, a rooftop deck and more, according to Truss.co. It could be argued that these are desirable amenities and eatery looking to open there would be able to take advantage of the foot and vehicular traffic. This is the type of in-depth knowledge that someone in the competitive commercial real estate sector must exhibit — and it’s why Josh Kurstin has been able to lead such a successful career.

Arlington, Virginia has seen an uptick in population, according to the U.S. Census Bureau, which found an increase of about 30,000 residents between 2010 and 2018 to approximately 237,500. Given these statistics, it’s likely that additional restaurants will be a welcome addition during lunch breaks. Should that be the case, Josh Kurstin will be keeping tabs on the local economy and real estate leasing news to identify future opportunities.