ALEXANDRIA, VA-Velsor Properties has purchased the six-building, 274,000-sf Beltway Business Center for $23 million from a client of UBS-Brinson. The buildings are located less than one mile inside the Capital Beltway here.

TYSONS CORNER, VA-Three new tenants take Building II of the Westpark Corporate Center to a 95% occupancy rate. EMC, Legg Mason and Northwestern Mutual Life are now leasing the space in the complex.

ASHBURN, VA-Beaumeade's 60,765 sf office building here is under construction. The $9-million high-tech project should be finished by May 2001 with lease rates of about $25 per sf full service.

COLUMBIA, MD-Corporate Office Properties has signed United Kingdom-based Bookham Technology Inc. to a long-term lease for 150,000 sf at the former Honeywell Technology Center, 9140 Old Annapolis Rd., in the Oakland Ridge Industrial Park.

WASHINGTON, DC-Cambridge Holdings is joint venture partner with the Bernstein Cos. in $31-million Public Ledger Building acquisition. The partnership purchased the 456,000-sf building in the heart of Philadelphia's Old City from MassMutual Life Insurance Co.

WASHINGTON, DC-Zuckerman Gravely Development Inc. made the successful bid out of 25 that purchased two properties here. The real estate company bought 1001 Connecticut Ave. NW and One Farragut Square for $35.55 million.

McLEAN, VA-Reilly Mortgage Group names Penny Austin assistant vice president and Raymond Miller as senior underwriter. Both will be responsible for underwriting Fannie Mae DUS, Freddie Mac Program Plus and lending programs.

WASHINGTON, DC-Real Access Alliance's draft model license agreement covering terms and access for telecommunications providers in office buildings is available for review and comment.