Washington REIT acquires renovated Arlington Tower for $250m

Washington REIT acquires renovated Arlington Tower for $250m

Published at: 2018-01-09 15:36 | Author: CIJ USA
Washington REIT has signed a $250 million contract to buy the Arlington Tower office building in Arlington, VA. The 398,000 square foot Class A asset underwent a $16m renovation over the past five years to install a new fitness center with lockers, and to update onsite retail amenities, the main lobby and the five-level underground parking. Totaling 19 stories, notable tenants include B. Riley FBR, Raytheon/BBN Technologies, Promontory Interfinancial Network, Pepco, the National Electrical Manufacturers Association, and Graham Holdings Company. Washington REIT is acquiring the asset off-market and expects to close in the first quarter of 2018.

Similar Stories:

Boston’s 28 State Street sells for $418m
A 40-story class A office building in Boston has been sold by a joint venture between Rock  »
Boca Raton office building sells for $23.67m
A partnership between Mainstreet Capital Partners and an investment fund managed by The Da  »
Savanna Real Estate Fund buys 5 Bryant Park in New York City for $640m
Savanna Real Estate Fund bought 5 Bryant Park, a office tower in Midtown Manhattan, for $6  »
Commerz Real buys 222 East 41st Street for $332m
Commerz Real bought 222 East 41st Street in Midtown Manhattan for $332.5m from Columbia Pr  »
“Steady,” “healthy,” “robust” and even “outperformed” were some of the adj   »
Orlando’s economic prospects haven’t looked so positive in ages. Not only are Florida   »
From the north to the south of Florida, occupancy rates of the largest office towers are r   »
Tampa mayor Bob Buckhorn was on hand at the groundbreaking ceremony as a show of support f   »
OPEC is back to its squabbling ways. But investors who are b  »
OPEC is back to its squabbling ways. But investors who are b  »
David Bassanese of BetaShares Capital says the general trend  »
David Bassanese of BetaShares Capital says the general trend  »