ARLINGTON, VA-Building owner MRP Realty and Rockpoint Group have retained Eastdil Secured LLP to market its 1310 N. Courthouse Road office building for sale as the FDIC begins to vacate the property for larger quarters at 3701 N. Fairfax Drive here.
The building is currently 96% leased. The FDIC has two leases at 1310 N. Courthouse Road for approximately 98,600 square feet that expire in October 2015 and April 2020, according to the Washington Business Journal.
Eastdil Managing Director John Kevill believes the 380,752-square-foot building, which recently underwent an $11.7-million renovation, will attract strong investment interest. "Regardless of the leasing situation, there is a tremendous lack of product available (in the area) from an investment standpoint," Kevill says. See story in the Washington Business Journal.
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