The transaction was funded through a Section 1031 exchange involving the $41 million disposition of Worldgate Centre, a 231,000-sf retail center in Herndon. Rappaport Cos. of Vienna, VA, bought Worldgate.

Reston Landing is within walking distance of Reston Town Center, a retail, entertainment and office center. Several office buildings, a townhouse complex and a hotel are planned for the area.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Multifamily
Washington, DC