Source: One Dulles Corridor Trades for $68M

RESTON, VA--A source tells us that One Dulles Corridor, a 215,000-square foot office building here has traded for $67.6 million. Westbrook Partners bought the building in 2012 for $39.5 million. Now it has sold, a source tells GlobeSt.com, to a JV between Rosenthal Properties and Wafra Investment Advisory Group, Kuwait's sovereign wealth fund.

The purchase price, according to the source, was $67.6 million or $314 per square foot.

A call placed to Rosenthal by GlobeSt.com was not immediately returned. The building, whose address is 10740 Parkridge Blvd., is now listed on its website.

The building last traded in 2012 when Westbrook Partners acquired it for $39.5 million from the estate of Christopher Walker. That sale also included an adjoining 1.9-acre vacant land site.

It delivered in 2008, just at the point when vacancy levels along the Dulles Corridor started their steep climb. For years it sat empty until tenants started to ink deals there.

RESTON, VA--A source tells us that One Dulles Corridor, a 215,000-square foot office building here has traded for $67.6 million. Westbrook Partners bought the building in 2012 for $39.5 million. Now it has sold, a source tells GlobeSt.com, to a JV between Rosenthal Properties and Wafra Investment Advisory Group, Kuwait's sovereign wealth fund.

The purchase price, according to the source, was $67.6 million or $314 per square foot.

A call placed to Rosenthal by GlobeSt.com was not immediately returned. The building, whose address is 10740 Parkridge Blvd., is now listed on its website.

The building last traded in 2012 when Westbrook Partners acquired it for $39.5 million from the estate of Christopher Walker. That sale also included an adjoining 1.9-acre vacant land site.

It delivered in 2008, just at the point when vacancy levels along the Dulles Corridor started their steep climb. For years it sat empty until tenants started to ink deals there.