August 29, 2019 Comments Off on JV Snags Northern Virginia Office Property for $93M Views: 325 National News, Southeast, Virginia

JV Snags Northern Virginia Office Property for $93M

Privately owned global real estate investment firm Hines and Oaktree Capital Management have acquired Two Liberty Center, a 178,700-square-foot office property in Northern Virginia for $93.2 million.

Two Liberty Center is a nine-story office building featuring 20,500-square-foot floor plates, a new building lobby and parking for more than 300 vehicles. The property is currently 95% leased to 16 tenants. Located at 4075 Wilson Blvd., the building is in the Ballston submarket of Northern Virginia.

Andrew Weir, Jim Meisel, Matthew Nicholson, David Baker and Stephen Conley of JLL represented the seller, Westbrook Partners, in the transaction. Additionally, JLL’s Capital Markets team secured a $67.6 million acquisition loan for the borrower through Bank of America.

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