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Atlantic Realty Finishes Year with $550 Mil in Transactions

TYSONS CORNER, VA-In a combination of acquisitions, sales and lease activity, Atlantic Realty, a commercial real estate firm in business here for eight years, closed 2000 with more than $550 million in transactions, up 60% over 1999.

By Diane Cook | Updated on January 22, 2001

TYSONS CORNER, VA-Looking at the final figures, it turns out that 2000 was a very good year for eight-year-old Atlantic Realty. One of the area’s largest commercial real estate firms, the company closed the year with more than $550 million in commercial real estate transactions including construction starts, leases, acquisitions and sales. That is up almost 60% over 1999′s aggregate of $320 million, according to company officials.

If 2000 was good, 2001 promises to be even better. Atlantic Realty has seven class A office buildings and a retail center under construction. Plaza America Towers III and IV in Reston, VA is 476,000 SF and is valued at $95 million. Prosperity I and II is a 174,000-sf property in Fairfax, VA valued at $30 million. In Gaithersburgs, MD, Blackwell I and II is a 225,000-sf project valued at $40 million. A Silver Spring, MD property, 8757 Georgia Ave., is a $20-million 241,000-sf project. Bethesda MD’s Bethesda Corner comes in at 41,000-sf for $3 million. The seven projects total approximately 1.2 million sf are valued at $188 million.

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