The buildings are located here at the Edsall Road exit of I-395less than one mile inside the Capital Beltway. The service centerand industrial buildings are clustered at the intersection ofGeneral Washington Drive and General Green Way. Major tenantsinclude Gannett/USA Today, AutoTrader, Canon USA and INOVA HealthCare System's Home Health Clinical Services.
"These well-located, functional buildings fit solidly into ourgrowing portfolio of long-term investments," says Horowitz. "Withthis purchase, Velsor Properties now owns over 1.2 million sf ofproperty in Northern Virginia."
Brokered by Bruce E. Strasburg and Matthew T. Maccaroni of theTrammel Crow Co., the mortgage was placed with a major financialinstitution by C. Stephen Shaw of the Frank S. Phillips MortgageCorp. Velsors's legal counsel in the transaction was Stuart M.Cohen of Proskauer Rose.
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