Dealmaker: Suburban DC Office Property Trades for $57M
Washington Real Estate Investment Trust, Washington, D.C., sold 223,000-square-foot office building John Marshall II in northern Virginia for $57 million.
Real estate private equity firm The Meridian Group, Bethesda, Md., acquired the nine-story property near the Tysons Central 7 Metro Station.
The building at 8283 Greensboro Drive delivered in 1996 and was renovated in 2010. WashREIT paid $73.5 million in 2011 for the property.
Consulting firm Booz Allen Hamilton occupies the property as its worldwide headquarters.
New York Commercial Observer reported The Meridian Group has acquired several Tysons-area properties recently. In April Meridian bought two nearby Class B properties, 173,000-square-foot 1951 Kidwell Drive and 256,700-square-foot 1953 Gallows Road, for a combined $58.25 million. Eastdil Secured represented the seller.
Meridian announced plans to improve occupancy at both buildings.