Located near Rte. 50 and I-66, 3702 Pender Dr. is a 12-year-oldproperty that stands four stories tall. For the joint venture, thedeal is a follow-on investment to previous purchases, and marks thepartnership's third acquisition since 2003. Penzance and Aslanpreviously acquired the 127,000-sf office property at 1129 30th St.in Washington, Dc, and the 99,000-sf building at 3701 Pender Dr,which sits across from its most recent purchase.
"This acquisition, in partnership with Penzance, demonstratesour confidence in the collective talent of Transwestern andPenzance to add value through our combined strengths andcapabilities," says Transwestern senior vice president ofacquisitions Ross Cowan.
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