James McCaffrey, principal, Peter Joseph, principal, Chris Phaneuf, senior vice president and Jordan Berns, senior associate, of Trammell Crow Co. represented Paradigm and Westbrook as well as procured the buyer.
McCaffrey tells GlobeSt.com that there was "excellent" interest in the property, which hit the market in May, and Lexham ultimately won out among 15 offers. The building is currently 100% leased and among its major tenants are the McGraw Hill Corp., Structuretone Inc., Hitachi Consulting and Cubellis Associates Inc.
"It has good, strong tenants and it's in a terrific location," says McCaffrey. "Westbrook and Paradigm did a great job repositioning the asset." The firms bought the property in 1999, renovated the space and leased it up.
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