Ballston Metro Center

November 3, 2016 Comments Off on Ballston Metro Center Office Trades for $70M Views: 179 National News, Northeast

Ballston Metro Center Office Trades for $70M

PERSEUS Realty and ELV Associates joined forces to acquire the 235,568-square-foot Ballston Metro Center Office at 901 N. Stuart in Arlington, VA in a value-add play. Seller Ballston Metro Investors LLC walked away from the transaction with $69.5 million. Gerry Trainor and Mark Glagola with Transwestern represented the seller.

The 13-story office property is part of a mixed-use project situated atop the Ballston Metrorail station. In addition to the office space, the property includes the Arlington Hilton Hotel and Alta Vista residential condominiums. PERSEUS plans to invest significant capital into the center to reposition it, and accelerate lease-up. Occupancy was 47% at the time of the sale.

Connect with Transwestern’s Glagola

Connect with Transwestern’s Trainor

Connect with Perseus Realty

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , ,

Comments are closed.