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Springfield Office/Industrial Trades for $13K

SPRINGFIELD, VA-The property is located near Fort Belvoir's Proving Grounds, which is expected to drive demand for space.

By Erika Morphy | Updated on April 17, 2007

(Read more on the industrial market.)

SPRINGFIELD, VA-A 78,500-sf office and industrial building here has traded for $12.5 million. Located at 7200 Fullerton Rd., Parkway/95 Business Center has been acquired by Bethesda, MD-based CRC Acquisitions LLC. The seller was TP-1 LLC, a Fairfax, VA-based investment entity. CB Richard Ellis’ Bill Prutting Sr. represented the buyer.

The building is 35% office, with the rest of the space devoted to warehouse, storage and distribution use, Prutting tells GlobeSt.com. Currently there is 15,000 sf of office available in the facility, which was completely renovated a few years ago. The industrial space, by contrast, is fully occupied.

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