The properties are located in Northern Virginia submarkets ofWestfields, Reston, Fairfax, and Alexandria. There is also oneasset located in Columbia, MD.

Cassidy & Pinkard represented the association, whichprovides life insurance to the military. Holland & Knight wastapped to serve as legal counsel to Normandy. Morgan Stanleyprovided the mortgage financing.

"This transaction represents an exceptionally high quality,value added portfolio of assets in the fast growing MetropolitanWashington, DC market, an investment market our firm has targetedfor significant expansion going forward," Gavin Evans, principal ofNormandy, says in a statement.

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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.

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