TYSONS, VA—A Saratoga, FL-based company has made its first acquisition in the Washington, DC area and hopes to make more if the right opportunities arise.
Benderson Development has acquired a 55,695 square-foot Bed Bath & Beyond located at 2051 Chain Bridge Rd., paying $29 million in cash for the asset.
The company selected this asset because of its "intrinsic value" as well as Tyson's future road map for growth and its ongoing urbanization," Richard Franco, executive director of Real Estate Investments for Benderson, tells GlobeSt.com.
The firm would be happy to acquire additional properties here if it finds opportunities that fit its criteria, he adds.
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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.
