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Stafford Place Building Trades for $197M

ARLINGTON, VA-Developer Ralph Dweck bought the 555,707-sf building from Carr Real Estate, in a deal brokered by Transwestern.

By Erika Morphy | Updated on November 14, 2006

ARLINGTON, VA-Transwestern Commercial Services has brokered the sale of 4201 Wilson Blvd., a fully leased class A building in the Ballston submarket of Arlington. The building traded for $197.2 million, or $358.66 per sf.

According to comps, DC real estate investor and developer Ralph Dweck acquired the 555,707-sf building from Carr Real Estate. It is one of two buildings that make up the Stafford Place complex.

The building is fully leased by the National Science Foundation, which also has leased an additional 60,000 sf in the adjacent building located at 4121 Wilson Blvd. Tonya Ginter, director of research at GVA Advantis, notes the building fits Dweck’s investment profile–namely class A fully leased buildings. He also owns the adjacent building–which is a much smaller structure at 175, 058 sf, which he acquired last May for $73.5 million, or $419.86 per sf.

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