ARLINGTON, VA–Two Liberty Center, a 178,700-square-foot, office building in the Ballston submarket, has traded for $72 million. The buyer was an entity controlled by Westbrook Partners and the seller was an entity controlled by the Fred Schnider Investment Group.
Holliday Fenoglio Fowler represented the seller in the deal and arranged the acquisition financing. The property free and clear of existing debt.
The HFF team included Jim Meisel, Sue Carras, Andrew Weir, Steve Conley and Matt Nicholson.
Two Liberty Center, located at 4075 Wilson Blvd., is sited within the larger 2.25 million-square-foot Liberty Center mixed-use development. The nine-story building delivered in 2007 and is leased to several tenants, including Raytheon and Strategic Analysis.
More recently the building, which is across the street from the pending Ballston Quarter development, secured a 20,000-square foot lease with co-working provider TechSpace Holding. It plans to open its tenth location there in summer of next year.
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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.
