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“Industrial has many years to run as a top performer of the five major food groups."
It has sold its remaining operating properties and land in White Marsh for $47.5 million.
"We are finding high quality candidates in a pool that these companies never would have thought to look."
The apartment is close to major employers including Fort Belvoir, Quantico, and Sentara's Northern Virginia Medical Center.
“There were some nuances to it though, and that gave us the opportunity to come up with plan which the borrower wasn't even thinking about.”
“The sale also shows that Baltimore continues to attract institutional interest and urban mixed-use has become the most attractive food group.”
This is the second office building Rockpoint Group has acquired in recent weeks in the Tysons market.
The company just acquired Tysons Dulles Plaza for $130.3 million.
Earlier this year Pantzer acquired an apartment in Ashburn for $98 million.
The Fredericksburg market has seen a recent run of several sales, says ARA Newmark's Drew White.