KBS Real Estate Investment Trust is netting $123.4 million from the transaction.

Alexandria's current asset base in Research Triangle Park is more than one million square feet and it is nearly 98% leased to tenants that include multinational companies as well as growth- and early-stage firms.

It has closed on Northgate at Falls Church and waived conditions on the acquisition of Fenestra Apartments.

It is taking the space at JBG Cos.' planned 1900 N St., NW trophy office development.

WASHINGTON, DC--Deals and news from around the region.

It is moving into 4747 Bethesda Ave., a trophy office it is developing in the area's Downtown.

Prince George's County has approved a food truck hub for the 810,000-square foot campus.

"Our goal is to bring the building up to a trophy standard that reflects the prestige of the MPAA as an organization and appeals to a wide range of leading tenants."