Under the guidance of real estate services firm CB Richard Ellis, Chicago-based Orix Real Estate Equities Inc. sold four-year-old Dulles Creek to local concern for what amounted to approximately $206 per sf. "The Dulles Creek transaction is another indicator of the strong appetite for Dulles Corridor investments," says CBRE senior vice president of investment sales John Norjen, who worked with colleague Bill Prutting Jr. on the deal. "The market's amazing recovery, and ongoing demand from government agencies and government contractors, attracted a wide variety of investment groups to this offering."

In addition to its location in a coveted market, Dulles Creek also provides the new owner with a building that is 88% occupied. Regus Business Centres is the lead tenant.