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CHANTILLY, VA-CBRE Realty Trust, a publicly registered, non-traded REIT, is acquiring a two-building office portfolio in the Avion Business Park here. The property is fully occupied with investment-grade tenants and is being purchased for $41.5 million from Advanced Realty, Jack Cuneo, president and CEO of CBRE Realty Trust, tells GlobeSt.com.

The buildings, called Avion Midrise III and IV, are located at 14550 and 14560 Avion Pkwy respectively. The three-story properties totaling 143,011 square feet are occupied by the federal government and defense contractor Lockheed Martin Corp.

Developed in 2002-2003, the buildings can accommodate both single-tenant and multi-tenant users. They are also accredited as Sensitive Compartmented Information Facilities–which meets specific federal security requirements. This accreditation is expensive to implement, which places the buildings at a competitive advantage in the Chantilly market, CBRE Realty Trust says.

These properties are the first in the DC area for the REIT, Phil Kianka, COO of CBRE Realty Trust, tells GlobeSt.com. The company is in acquisition mode right now, targeting the entire US market as well as select locations in Europe and the United Kingdom, he continues, adding it has already bought about $500 million of properties this year. Cuneo says the REIT would be interested in acquiring additional real estate in the area “if the price and property are right.”

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