Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FAIRFAX, VA-In a transaction involving nearly $36 million, ownership of the 191,000-sf office building known as Crown Ridge at Fair Oaks has changed hands. Acting on behalf of an investor, Newport Beach, CA-based KBS Realty Advisors acquired the property from Fairfax, VA’s-headquartered the Peterson Cos. The Fairfax County Department of Tax Administration tells GlobeSt.com that the property has a 2003 assessed value of just over $30.1 million.

Located at 4035 Ridgetop Rd., the eight-story Crown Ridge Building is a class A property that was built in 1990. Tenants at Crown Ridge include Home Mortgage LLC, and management solutions provider Viewlocity Inc. The General Services Administration signed a five-year lease agreement in 2000 for 4,300 sf of space in the building. Peterson will remain involved with the property by serving as manager; Transwestern Commercial Services has been tapped to handle leasing activity. Transwestern represented the buyer in the deal, while Eastdil Realty stood in for the seller.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.