Located in the heart of the bustling Rosslyn/Ballston submarket where the average going rate for class A office space is about $30.25, the 14-story office building is part the portfolio of a Beacon Capital Partners affiliated group that acquired the property from Qwest Communications in a sale/partial lease-back arrangement just over a year ago.
"The building was originally designed for a single tenant, Qwest, which currently occupies the first through the eighth floors of the building," Trammell Crow senior vice president Spencer Stouffer notes. "When Qwest downsized in 2002, we were given the responsibility of leasing the remaining space. In a market where tenants have multiple options, we were pleased to have concluded two transactions which benefit all parties." Staubach represented KEI Pearson/NCS Pearson in the transaction, while Jones Lang LaSalle stood in for Avaya.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
