S.R. Clarke Construction / Real Estate Development / Architecture / Engineering Blog: Willow Oaks Corporate Center Sells






Friday, September 25, 2009

Willow Oaks Corporate Center Sells

http://www.realestatechannel.com/

"n one of the biggest office building sales this year, the 570,038-square-foot, three-building, 93.2-percent leased Willow Oaks Corporate Center in metro Washington, DC has been sold for $112,173,598, or $196.78 per square foot.

The property sold for $125 million or $173 per square foot in 2005.

The buyer was KBS REIT II a publicly offered, non-traded real estate investment trust, based in Newport Beach, CA. The seller was Prudential Real Estate Investors of Newark, NJ.

The property is located in the DC submarket of Merrifield in Fairfax County, VA, 10 miles west of the District of Columbia."