The parent company of Ringling Bros. and Barnum & Bailey, Disney On Ice and Disney Live! has occupied the building since its completion in 1989. Feld will occupy 78,000 sf in the building. Two restaurants, Shamshari and RingMaster, will occupy the remaining space. Studley's executive vice president Paul Schweitzer and managing director Stuart Diamond of Studley's Suburban Washington office represented Feld.
America's Capital Partners' holds 39 suburban office buildings in its portfolio. With this purchase, it has seven properties in the Washington, DC metropolitan region. "The acquisition of 8607 Westwood Center was an excellent opportunity for us to enter the Tysons Corner submarket of Northern Virginia," says ACP's Mid-Atlantic president Brian Katz.
Sells-Floto Inc., a wholly owned subsidiary of Feld Entertainment, purchased the building shortly after its completion in 1989 and has managed the property since that time. It put it up for sale in late 2005.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
