(Read more on the industrial market.)

FAIRFAX, VA-Colony Realty Partners, a Boston-based investment fund, has awarded the bulk of its Northern Virginia holdings to Jones Lang LaSalle as exclusive leasing manager. The seven asset office and industry portfolio--which excludes two other office buildings and some retail holdings in Northern Virginia owned by Colony--is approximately, one million sf and is 95% occupied. Marc Bassin, along with Brian Connolly and Yorke Allen, of JLL will handle leasing for the portfolio.

The seven properties include: Crown Ridge, a 191,237-sf eight-story building at 4035 Ridge Top Rd; Fair Oaks Commerce Center, a 140,094-sf, six-story building at 11320 Random Hills Rd; 3701 Pender Dr., a 102,435-sf, five-story building; 3702 Pender Dr., a 78,419-sf, four-story building; Park Center, a 108,000-sf three-story building located at 14040 Park Center Rd; 1800 Alexander Bell Dr, a 138,450-sf, six-story building; and 7701 Southern Dr., a 251,178-sf industrial building.

Asking rates for the building vary, of course. 3702 Pender's rate is current $27.50 per sf; 3701 Pender ranges between $27 and $29 per sf; 1800 Alexander Bell is $28 per sf and Fair Oaks Commerce Center comes in at $30 to $31 per sf. The other buildings are fully leased.