The transaction was funded through a Section 1031 exchangeinvolving the $41 million disposition of Worldgate Centre, a231,000-sf retail center in Herndon. Rappaport Cos. of Vienna, VA,bought Worldgate.

Reston Landing is within walking distance of Reston Town Center,a retail, entertainment and office center. Several officebuildings, a townhouse complex and a hotel are planned for thearea.

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Multifamily
Washington, DC