Located at 3101 Park Ctr. Dr., the fully leased, 219,000-sfoffice building is home to the US Department of Agriculture's Foodand Nutrition Services Department and the Department of Defense'sArmy Audit Division. A 14-story structure, Park Center I wasdeveloped in 1982 and also features a five-story structured parkingfacility.

For the boutique real estate firm, the acquisition expands thecompany's portfolio to include its first multi-tenanted property."The Washington, DC area is a strategic market for us, consideringit's the best performing market in the country," Stonewaterprincipal Jeffrey Toporek tells GlobeSt.com. "The property profileof Park Center I fits within our business strategy of acquiringopportunistic single-tenant and multi-tenant proprieties."

Andy Stape, Bob Filley, Joe Friedman and Wes Scott of theTranswestern Commercial Services' Asset Investment Sales Group andRobert Osinoff and Eugene Smith of Transwestern's GovernmentServices Group listed the property and represented seller StoneTract Associates in the deal; Stonewater represented itself.