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Arlington Tower

ROSSLYN, VA–Washington REIT has announced news regarding three transactions. One is that it has entered into a definitive agreement to purchase Arlington Tower, a 398,000-square foot office building here for approximately $250 million. The REIT expects to close the acquisition in the first quarter of 2018. Built in 1980 and renovated in the past five years with capital improvements of approximately $16 million, the 19-story Arlington Tower is located at 1300 North 17th St., two blocks from the Rosslyn Metro station.

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.

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