Jones Lang LaSalle Americans Inc.'s Paul Chandler and Robert VeShancey represented the tenant in the transaction, while John Dettleff of the Tysons Corner office of GVA Advantis represented the property owner Mainland Building LLC, which acquired the property four years ago for approximately $9 million. Financial terms of the transaction have not been disclosed; however, Advantis markets the office and medical space for $22.50 per sf.

Developed in 1989, the Mainland Building occupies a two-acre parcel off Interstate 66 near George Mason University. "The building just completed a garage renovation and will undergo lobby and common area enhancements in early 2006," Dettleff says. Other tenants include Fairfax County's Retirement Administration Agency, and attorneys' and physicians' offices. Government contractor WR Systems also has locations in Norfolk and Richmond.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.