The warehouse, located at 9950 Business Parkway, is 79% leasedto two large national tenants, Dal-Tile Corp. and Brook FurnitureRental. It is expected to produce a 5.9% initial yield that willincrease to 7.2% upon lease-up of the remaining vacant space.WRIThas a strong presence in the Washington area's industrial sector.In February, it acquired Hampton Overlook and Hampton South, aportfolio of five warehouses totaling 303,000 sf in CapitalHeights, MD.

WRIT also has devoted significant resources to diversifying itsportfolio into the medical office sector in recent months. Itbought the Alexandria Professional Center, a 113,000-sf medicaloffice property that is 100% leased to 36 medical tenants; twobuildings in a fully leased, four-building portfolio; and a33,000-sf medical building in Bel Air, MD, which is 100% leased tofive tenants.

"WRIT now owns the best medical office portfolio in theWashington DC metro area," WRIT's CEO Edmund Cronin Jr. said duringa recent earnings call. "The portfolio will consist of 826,000 sf,is 99% leased and is concentrated around three of thefastest-growing, financially stable acute-care hospitals in theregion."