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The 263,393-square foot building has traded for $203 million.
Investment in data centers totaled $18.2 billion in the first half of the year, more than double that for all of 2016, CBRE reports.
“Fairfax County, and the city of Alexandria, both provide ideal multifamily market fundamentals.”
WASHINGTON, DC--Deals and news from around the region.
"Because there is a smaller buying pool out there they can get some opportunities that weren't here eight months ago."
“We acquire quality multi generational assets that the family can own for long time.”
The company has acquired properties in Tysons, Va., and Severn, Md., over the last year.
Q2 was an exception as there was a slight decline in mortgage rates, according to Freddie Mac's Multifamily Apartment Investment Market Index.
“Washington DC is a strong market and not overbuilt like New York.”
Earlier this month CoStar announced it was buying the website ForRent for $350 million in cash and $35 million in company stock.