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LOUDOUN COUNTY, VA-Prudential Real Estate Investors has snapped up Boston Properties’ office portfolio here on behalf of investors in its TMW Pramerica Weltfonds. Based in Munich, TMW Weltfonds is managed by TMW Pramerica Property Investment GmbH, a wholly owned subsidiary of PREI that offers funds to German retail and institutional investors. Terms were not disclosed on the transaction, but Tonya Ginter, director of Research & Marketing for GVA Advantis, estimates that the 337,228-sf portfolio traded between $200 per sf to $250 per sf, based on comps and other market fundamentals.

Near Dulles Airport, the portfolio consists of four office buildings, including three that make up the Orbital Science Corp. campus in Steeple Chase office park. Orbital’s 156-acre campus totals 337,228 sf of space. The fourth building, a 127,000-sf building, has three tenants, including the US Postal Service and VeriSign.

The most appropriate comparable was the sale of 21700 Atlantic Blvd. in August, Ginter tells GlobeSt.com. This 112,593-sf building, which is also located in the office park, traded at $184.29 per sf when UBS acquired it from Rreef.

With an average annual growth rate of 8%, prospects for the county–the third-fastest growing county in the US–are strong, one driver behind the transaction. “This acquisition gives our clients access to an outstanding opportunity to benefit from an investment in one of the fastest growing areas in the US,” says Sebastian Lohmer, managing director and portfolio manager of the TMW Weltfonds. “We believe our investors could benefit from the region’s strong economic fundamentals, fueled by demand generated by government contractors and telecommunications firms.”

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