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Seven-Building Office Portfolio Pulls in $97M

VIENNA, VA-A class A office portfolio sells in a deal valued at $96.6 million. The properties--which last traded less than a year ago for $80 million--account for a total of 516,100 sf and are currently 85% leased.

By Barbra Murray | Updated on October 11, 2005

VIENNA, VA-A partnership involving Reston’s Buchanan Street Partners and Access Property Services of San Juan Capistrano, CA has acquired a seven-structure portfolio featuring an aggregate 516,100 sf of class A office space. The purchase price was $96.6 million.

With the assistance of Cushman & Wakefield’s Capital Markets Group, Cambridge Northwestern walked away with $187.17 per sf. It was just last year when Cambridge acquired the portfolio from A&A Investments for $80 million. The properties’ total current assessed value is approximately $77.9 million, according to Fairfax County records.

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