X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Xerox has sold its Document University property near Leesburg, VA to a partnership of Oxford Capital Partners of Chicago and Whitehall Funds, which is managed by Goldman Sachs. The price was $30.9 million.

Xerox agreed to lease back about half the space for five years as part of the deal. The 1.2-million-sf complex on 110 acres north of Route 7 includes classrooms, meeting facilities, living quarters, a fitness and recreation center and about 950 hotel rooms. Oxford, which has invested in several conference centers, plans to spend about $29 million to add a 10,000-sf ballroom, upgrade its technological capabilities and renovate most of the guest rooms.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.