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Tishman Speyer May Take CarrAmerica's DC Portfolio

WASHINGTON, DC-An industry source confirms Tishman Speyer is buying not only CarrAmerica's Washington assets but properties outside that portfolio also owned by Blackstone.

By Erika Morphy | Updated on July 26, 2006

WASHINGTON, DC-The rumor mill has gone into overdrive here amid reports that Tishman Speyer is closing a deal in which it will pick up CarrAmerica’s Washington, DC assets from the Blackstone Group, as well as a few additional properties outside of this portfolio. “The deal is happening,” an industry source tells GlobeSt.com. “I don’t know when it will close but it is happening.”

The source could not confirm, however, published reports that Tishman Speyer is paying $2.9 billion for the assets.

The firm does not have a significant presence in Washington, DC proper; it does have several properties and developments under way in Northern Virginia though, including Lakeside@Loudoun Tech, a class A office complex totaling 305,455 sf in Loudoun, and Westfields Corporate Center, a 1,100-acre master planned office park located in Western Fairfax County.

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