While the players are keeping mum on the transaction's dollarfigure for now, the properties' valuations offer a limitedindication of the amount they may have commanded; Carlyle I has acurrent assessed value of about $23 million, and Carlyle II has anassessed value of nearly $34.5 million.

Carlyle I and II carry the respective addresses of 1900 Duke St,and 333 John Carlyle St., and sit within the mixed-usemaster-planned community of Carlyle in Old Town Alexandria. Theyboast six stories of class A office space developed between 1999and 2000, and at the time of the deal, the combined occupancy levelwas more than 95%.

Cousins Properties was unavailable for comment by deadline, butfor its part, the company is letting go of buildings it personallydeveloped. For Grosvenor, the purchase marks its entrance into theNorthern Virginia office market.