ARLINGTON, VA-Transwestern Commercial Services has brokered the sale of 4201 Wilson Blvd., a fully leased class A building in the Ballston submarket of Arlington. The building traded for $197.2 million, or $358.66 per sf.

According to comps, DC real estate investor and developer Ralph Dweck acquired the 555,707-sf building from Carr Real Estate. It is one of two buildings that make up the Stafford Place complex.

The building is fully leased by the National Science Foundation, which also has leased an additional 60,000 sf in the adjacent building located at 4121 Wilson Blvd. Tonya Ginter, director of research at GVA Advantis, notes the building fits Dweck’s investment profile–namely class A fully leased buildings. He also owns the adjacent building–which is a much smaller structure at 175, 058 sf, which he acquired last May for $73.5 million, or $419.86 per sf.

When asked about the drop off in price over a period of a year, $358.66 per sf versus $419.86 per sf, Ginter responds that the DC market is starting to see a slow down in investment sales from a year ago. “But I wouldn’t say it is a significant decrease.”

The Ballston submarket is faring very well, though, she adds. One of the closest Northern Virginia suburbs to DC, investment sales activity remains very strong. 1005 N Glebe Rd., another building in the area, traded in September for $374.50 per sf; a $51.4-million deal. Boston’s TA Realty purchased the building from TIAA-CREF, according to local comps.

The Rosslyn-Ballston has a tight vacancy rate of 6.6%, she notes, making it one of the healthiest markets in Northern Virginia. There is 1.6 million sf currently under construction, of which 67% has already been leased.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.