State: Virginia - VA
Adviser Buys 2 Washington-Area Offices
TA Associates Realty has paid $61 million for a couple of office buildings in Herndon, Va. Both transactions are sale-leaseback deals with software companies.
544 Herndon Parkway
Freddie Mac will occupy the data center, which was formerly leased to bankrupt Exodus Communications
Dominion Tower
95% leased to American Management Systems, First Union Nat'l Bank, KPMG Peat Marwick, McDonald's Corp., Merrill Lynch. Deal also includes attached 1,255-space parking garage.
1655 N. Fort Myer
aka Park Place
Bresler & Reiner Unit Buys Owner of Va. Office Park
January 31, 2002 SPRINGFIELD, Va. – A subsidiary of Bresler & Reiner Inc. (OTC BB:BRER.OB) has just this week acquired the owner/operator of an office park.The company paid about $20 million in cash and in assumed debt for Sarnia Corp. ...
Sonnenblick-Goldman Arranges $64Mln Loan for Va. Hotel
January 30, 2002 LEESBURG, Va. – Strategic Realty Advisors has secured a $64 million mortgage to refinance its Lansdowne Conference Center Resort.Sonnenblick-Goldman Co. arranged the financing for the four-diamond resort. Terms could not be learned.Lansdowne was developed in 1990 on ...
Wilmorite Seen Selling NY Mall, Buying Tysons Corner Center
The Rochester, N.Y., shopping center owner is said to be selling its Irondequoit Mall in Rochester for about $70 million. That sale comes as word spreads that Wilmorite is in talks to buy Tysons Corner Center for more than $515 ...
New Boston Fund Buys Va. Building for $29.9Mln
January 18, 2002 VIENNA, Va. – New Boston Fund has purchased an eight-story, 173,000-square-foot, Class-B office building for $29.9 million.The building is at 1951 Kendall Drive at the intersection of Route 7 and the Capital Beltway. The structure was built ...
Continental Wingate Provides $28.9Mln for Va., Calif. Sites
January 10, 2002 SPRINGFIELD, Va. – Continental Wingate Capital has provided $28.9 million of financing via its Wingate Direct conduit program for an office building in Springfield, Va., and a retail complex in Martinez, Calif. The owners of the Metro ...
WP Carey Completes $13Mln Sale, Leaseback of Distribution Properties
January 9, 2002 NEW YORK – W.P. Carey & Co. (NYSE:WPC) has purchased three distribution facilities totaling 389,000 square feet for $13 million. The properties, in Cincinnati, Elkwood, Va., and Norcross, Ga., were purchased from Builders FirstSource Inc., a Dallas ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
