Situated in the 170-acre Woodland Park section of Fairfax County--the 36th largest county in the nation, according to the US Census Bureau--the three properties are just off the Dulles Toll Road in the heart of the Dulles Corridor. South Pointe I & II were built on 11 acres of land in 2000, and consist of 160,000 sf each. Architectural firm Hellmuth, Obata & Kassabaum designed both six-story structures, which carry a 2003 assessed value of $22 million each. Development of the 160,000-sf six-story Plaza Ridge II wrapped up in 2001. Located on a five-acre parcel, the building boasts a design by HOK Architects, as well, and has an assessed value of $17.7 million.

"We wanted to expand our presence in the Washington Metropolitan area and felt that these properties represented the kind of high quality office buildings that corporate tenants are seeking today," says Allen de Olazarra, ACP chairman. "We expect to purchase many more quality assets in both Washington, DC and Northern Virginia during the next 12 months."