ALEXANDRIA, VA—The Atrium Building, located at 277 S. Washington St., has traded for $53.5 million, according to Transwestern, which represented the buyer.
The transaction was structured as a 1031 exchange for the locally-based investor.
Transwestern's Joe Friedman and Julian P. Etches negotiated the deal. The buyer liked the core-plus play the five-story building offers, according to a prepared statement by Etches.
GlobeSt.com has reached out to Transwestern for comment. We will update the story as more information becomes available.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
