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Hampshire Cos. Acquires Virginia Office Asset

VIENNA, VA-The building traded for $13.68 million according to a source.

By Erika Morphy | Updated on October 11, 2006

VIENNA, VA-The Hampshire Cos., a private real estate investment fund manager in Hartford, has acquired an office asset at 1041 Electric Ave., Vienna, in northern Virginia. According to a market source, the building traded for $13.68 million at a cap rate of 8.96%. The seller was Vienna Technology Park Associates. The acquisition was made on behalf of Hampshire Partners Fund VI, Hampshire’s $235 million institutional investment fund.

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.

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