Arlington Tower

ROSSLYN, VA–Washington REIT has announced news regarding three transactions. One is that it has entered into a definitive agreement to purchase Arlington Tower, a 398,000-square foot office building here for approximately $250 million. The REIT expects to close the acquisition in the first quarter of 2018. Built in 1980 and renovated in the past five years with capital improvements of approximately $16 million, the 19-story Arlington Tower is located at 1300 North 17th St., two blocks from the Rosslyn Metro station.