X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HAMPTON ROADS, VA-Washington, DC-based Federal Acquisition Partners has acquired Hampton Roads Research Quad I & III for $28.8 million. The newly constructed class A office buildings were developed by Craig Davis Properties.

Jones Lang LaSalle Washington Capital Market’s team of Collins Ege, John Kevill and Jim Molloy represented the seller.

The two-building complex, which totals 157,176 sf, consists of one three-story office building and one four-story office building.

Located one mile away from the Langley Air Force Base, these buildings have been the beneficiary of the regional changes resulting from BRAC, Molloy tells GlobeSt.com. Langley recently received increased funding because of its role as the headquarters of Air Combat Command as well as the home base for the United States Air Force’ new F-22 Raptor, he says.

The city of Hampton has subleased two floors to the National Institution of Aerospace in Quad I, he says. Quad III is occupied by the Air Force.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.