60,000 SF Democracy Square Commands $8M

FAIRFAX, VA-The Democracy Square Office Building has gotten a new owner with RG Acquisitions LLC’s recent purchase of the 60,000-sf property in an $8 million cash deal with Courthouse Office LLC. Located at 10340 Democracy Lane, the three-story brick structure is currently 92% leased to 11 tenants.

“This building fits with our strategy of purchasing well located properties in in-fill locations,” RG Acquisitions’ Glenn H. Rosenthal shares with GlobeSt.com. “Despite the vacancy in other Virginia sub-markets, the Fairfax City sub-market is very well-occupied. And based on current negotiations, we anticipate 100% occupancy by year’s end.”