Apr
04
WPC Acquires $8M Office Buildings
ByWashington Property Co. acquired two assets in the Maryland and Virginia suburbs of D.C., with plans to renovate and reposition both properties.
Washington Property Co. (WPC) announced the acquisition of two office buildings in the Maryland and Virginia suburbs of Washington, D.C. for a total of $8 million. Computer Science Corp. (CSC) sold WPC a 116,000-square-foot office building in Fairfax Country, Va., for $7.2 million. In the Wheaton/Glemont area of Maryland, Cornerstone Realty Advisors sold WPC a 28,000-square-foot office asset for $815,000.
Located at 3160 Fairview Park Blvd., just off I-495, the 116,000-square-foot building is situated in one of the area’s preeminent office parks. In 1987, the company constructed the property as CSC’s headquarters and now has consolidated into other locations. James Molloy of JLL represented the seller in the transaction…
