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ROCKVILLE, MD-An unnamed private investment advisory firm has acquired Twinbrook Metro Plaza in a $52-million transaction. Trizec Properties Inc. sold the 165,000-sf office property seven years after having acquired it. The building was sold as a 1031 like-kind exchange. The property, including the nearly two-acre parcel it occupies, has a current assessed value of $27.3 million.

Located within close proximity to I-270, the six-story structure at 12300 Twinbrook was developed in 1988 and also features a parking facility to accommodate more than 500 vehicles. Trizec had been marketing the building’s available space, due to become available at the end of the year and in early 2006, for as much as $31.50 per sf.

Trizec announced the disposition of 12300 Twinbrook along with news of the sale of another office property in Northern Virginia. “With these dispositions, we have captured the value created through proactive asset management and strategic development,” Trizec executive vice president and chief information officer Brian Lipson says.

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