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Meridian Completes Disposition of Portfolio in Region for $74 Mil

BETHESDA, MD-The Meridian Group recently closed a $19-million deal to sell three office buildings in Reston, VA to Guardian Realty Investors. The company also sold two other buildings in Herndon, VA for $55 million.

By Diane Cook | Updated on January 04, 2001

BETHESDA, MD-The REIT based here has sold three office buildings in Reston, VA for $19 million. Guardian Realty Investors purchased the three 110,000-sf buildings from the Meridian Group. This completed the disposition of a five-building portfolio totaling 330,000 sf in Reston and Herndon, VA that Meridian purchased from AEW Realty Advisors in March, 1999.

Steve Conley, John Duffy and Collins Ege of Holliday Fenoglio Fowler LP represented Meridian in the sale of: Campus South at 1875 Campus Commons Dr., the Audubon II and the Oakbrook buildings at 1892 and 1897 Preston White Dr. Meridian previously sold two other buildings for $55 million–the 160,000-sf Dulles International Point in Herndon and the 61,000-sf Audubon III in Reston.

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