The source could not confirm, however, published reports thatTishman Speyer is paying $2.9 billion for the assets.
The firm does not have a significant presence in Washington, DCproper; it does have several properties and developments under wayin Northern Virginia though, including Lakeside@Loudoun Tech, aclass A office complex totaling 305,455 sf in Loudoun, andWestfields Corporate Center, a 1,100-acre master planned officepark located in Western Fairfax County.
In March the private equity firm Blackstone Group said it would buyCarrAmerica Realty for $5.6 billion--one of a series of deals inwhich a private equity player had acquired a public REIT or realestate company for the arbitrage opportunities, as well as greateroperational flexibility, such a conversion could provide. Under theterms of the deal, which closed July 13, Nantucket AcquisitionInc., an affiliate of the Blackstone Group, acquired all of theoutstanding common stock of CarrAmerica for $44.75 per share incash.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
