"We have almost no partners. It just seems like the right time,"says William C. Smith, senior vice president with Peterson. "We'vegot a good solid portfolio. There are an awful lot of investors whoare looking to buy. The valuation seems to be right."
The company wants to take advantage of the good selling market,where 11.4 million sf is up for sale right now in the Washingtonarea.
The portfolio includes seven buildings in Fairfax, Fair LakesNorth and South, Fair Lakes Three, Four and Five, Hyatt Plaza andParkway Woods. It also includes Crown Ridge in Fairfax, DullesOverlook in Herndon and King Street Metro Place in Alexandria.
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