RESTON, VA–A source has told GlobeSt.com that a partnership between Ritz Banc Group and Lincoln Property has acquired the fee simple interest of Reston Eastpointe, a 195,230-square foot, eight-story building building marketed by Cushman & Wakefield on behalf of Prudential Real Estate Investors.
They paid approximately $60 million for the property, which is 86% occupied.
Cushman & Wakefield confirmed that the property, located at 11091 Sunset Hills Rd., sale closed.
A call to Ritz Banc was not returned immediately.
RESTON, VA–A source has told GlobeSt.com that a partnership between Ritz Banc Group and Lincoln Property has acquired the fee simple interest of Reston Eastpointe, a 195,230-square foot, eight-story building building marketed by Cushman & Wakefield on behalf of Prudential Real Estate Investors.
They paid approximately $60 million for the property, which is 86% occupied.
Cushman & Wakefield confirmed that the property, located at 11091 Sunset Hills Rd., sale closed.
A call to Ritz Banc was not returned immediately.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
