Search
 

Fully Leased Office Building Nets $33M Plus

RESTON, VA-Colony Realty Partners takes the 138,450-sf, class A office building from local developer, Irving Interests.

By Erika Morphy | Updated on September 13, 2006

RESTON, VA-Boston-based Colony Realty Partners has acquired a class A office building from local developer Irving Interests. The buyer has paid $33.4 million for the 138,450-sf property, which is 100% leased to several tenants including Northrop Grumman, BAE Systems and Source Office Suites of Reston.

The 1800 Alexander Bell Dr. is also home to Irving Interests. The firm’s CEO James Irving used to be a partner with Cassidy & Pinkard Colliers in Washington, DC, a spokeswoman for brokerage tells GlobeSt.com. In 2004, he left the firm on amicable terms to pursue development activities, she says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.