Centerpoint I & II
FAIRFAX CENTER, VA—Manulife US REIT has entered into a purchase agreement with Carr Properties to acquire Centerpointe I & II, a two-tower office, for $122 million.
The estimated total cost of the deal for Manulife US REIT, which is the first pure-play office REIT listed in Asia, is approximately $127 million, when the acquisition fee of $1.2 million and other transaction fees and expenses of $3.8 million are tallied up.
The acquisition will deepen Manulife US REIT's exposure in the Northeastern US as well as the Washington, DC-area market. In June 2018, Manulife US REIT acquired 1750 Pennsylvania Ave., NW.
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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.
