ALEXANDRIA, VA-A joint venture has purchased 815 Slaters Lane in the historic Old Town section of Alexandria, and one of its members, the advertising firm National Media, has leased the entire 24,000-sf building. The price was $2.25 million, or $92 per sf.

The new owner, Slaters Lane Joint Venture, is now renovating the building. National Media plans to use the building as its headquarters, moving in by March 2001. Simpson Properties Ltd. represented Slaters Lane Joint Venture. Insignia/ESG Inc. spoke for the seller, the Brownson Partnership.

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