Washington, DC-based Columbia Equity relied on funds from its recently closed initial public offering, which yielded gross offering proceeds amounting to $207 million, to acquire the property. Developed by Opus East LLC in 2000 with the name of Opus at Westfields I, the two-story structure was originally home to Veridian Information Solutions Inc., a government consulting company that General Dynamics acquired in 2003.
Veridian signed a 10-year lease on the space shortly after the building's completion. For Columbia Equity, the acquisition leaves the company with interests in four office properties accounting for 650,000 sf in the Westfields submarket, as well as developable land that can accommodate an additional 390,000 sf.
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