CarrAmerica Realty Corp., a Washington, D.C.-based
real estate investment trust, paid $123 million for Tysons
International Plaza, a two-building, 434,000-square-foot
Class A office facility in Tysons Corner. (PRN)
Asset Capital Partners LP paid $8.5 million
for Pinewood Plaza. Acquired from Berman
Kappler Properties LLC, the 71,000-square-foot
office building is on a three-acre plot on Hampton’s
Commerce Drive. (PR)
Forest Lodge LLC and developer Hunter E.
Craig bought Biscuit Run, a wooded parcel
of land south of Charlottesville, for $46.2 million.
Sold by the estate of I.J. Breeden, the 1,353-acre
site will be developed into a mixed-use, high-density
development to be called Fox Ridge. (The Daily
Progress)
Hirschler Fleischer, a Richmond law firm, signed
a 10-year lease for 67,000 square feet of office space
in the Edgeworth Building, a Class A historic
renovation project in Richmond’s Shockoe Bottom, moving
from offices in the Federal Reserve Building. The firm
has grown from a staff of 42 attorneys in 1996 to 71
today. (PR)
Summit Financial Group Inc. and Summit Mortgages,
a division of Shenandoah National Bank, signed
a long-term lease with Liberty Property Trust for
12,000 square feet of space in Chesapeake’s Battlefield
Technology Center I building. (PR)
Vorando Realty Trust, a Paramus, N.J., real
estate investment trust, paid $36 million for an option
to buy Springfield Mall. When the option to
buy is exercised for the 1.4 million-square-foot Fairfax
facility, Vorando will pay $80 million more and assume
a $181 million mortgage. Until then, Vorando will manage
the mall and collect rents. (The Washington Post)
