Virginia
Businesses in the News
Real
Estate
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the Record is
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Virginia Business Magazine
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Richmond, VA 23293
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Coorporate Office Properties,
a Columbia, Md. real estate investment trust,
bought Corporate Pointe III in Chantilly,
a four-story Class A office building in Chantilly,
for $21.7 million. The 114,000-square-foot building
is the company’s seventh in the Westfields Corporate
Center, making a total of 1.1 million square
feet. (Business Wire, 9/30/04)
RER Equities of Herndon
and New Boston Fund purchased two Class
A office buildings totaling 450,000 square feet
from Capital One Financial Corp. in Henrico
County in a joint venture. The 35-acre complex
lies near the interchange of I-295 and I-64.
The acquisition included a five-acre undeveloped
parcel. Plans are to lease the buildings to
corporate tenants after Capital One completes
it move to the West creek Office Park in Goochland
County next year. (Business Wire, 9/29/04)
Lockheed Martin announced
a five-year lease for 16,000 square feet of
office space at Suffolk’s Bridgeway Technology
Center II in Bridgeway Commerce Park.
A capital investment of $1.5 million will provide
additional office space to support the 50,000-suare-foot
Lockheed Martin Global Vision Integration Center
under construction across the street. (Press
release, 9/28/04)
Great Atlantic Management
of Virginia Beach sold a 110,000-square-foot
office building at 2600 Washington Ave. in Newport
News to Ziff Properties, a Charleston, S.C.
real estate investment firm, for $5.3 million.
The building is fully leased. (Press release,
9/28/04)
Liberty Property Limited
Partnership bought Innsbrook Commons
in the Innsbrook Corporate Center for $7.6 million
from Innsbrook Commons LC. The 60,000-square-foot
Class A office building is 100 percent leased.
(Press release, 8/30/04)
