ARLINGTON, VA-On-Site Sourcing, a digital imaging, document management and litigation reprographics firm, will be moving its corporate headquarters to Alexandria, VA in 2001. According to company officials, On-Site purchased a 112,710-sf building with 69,000 sf of offices space. Purchased for $7,035,000, the property is at 800-840 North Henry St. in Alexandria.

The company purchased the new site to consolidate its operations into one locations, officials say. On-Site is leasing several different properties with its corporate headquarters now at 1111 North 19th St. in Arlington.

First Union National Bank is financing the purchase. On-Site borrowed $5.8 million with the property as security. The loan is to be re-paid over a seven-year period, with a 15-year amortization, at an interest rate of LIBOR plus 2.5 points, and may be pre-paid without penalty. On-Site will soon be acquired by US Technologies. Terms are on file with the SEC.

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