Richard W. Davidson and Michael Paukstitus of Coldwell Banker Commercial Capitol Realty in Vienna represented Hampshire in the transaction. Vienna Technology Park Associates Limited Partnership was represented by Brian Ball, executive director of GVA Advantis' Tysons Corner office.
The property, which is fully leased by an US government agency, is located close to the intersection of the Capitol Beltway and I-66. A new Metro rail station is planned within walking distance of the building.
Norman A. Feinstein, executive vice president of The Hampshire Cos. said in a statement that purchase price is well below replacement value and the building is ideally located. "Our investment focus is in the growth corridors of the Northeast and Mid-Atlantic," he said. "The fund is currently very active in seeking additional acquisitions throughout its targeted markets, and we are particularly bullish about the northern Virginia market."
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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.
