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FAIRFAX, VA-An office building here has just traded for $112 million or $196.78 per square foot. Newport Beach, CA-based KBS REIT II has acquired the 570,038-square-foot Willow Oaks Corporate Center–the fourth area property the company has acquired. CBRE’s William Kaye, Bill Prutting, Jr. and Randall Heilig represented the seller in the deal.

Located on an 11.4-acre site near the intersection of Route 50 and the Beltway, Willow Oaks is 93%-leased to such tenants as SRA International, ACS, General Dynamics and Computer Science Corp. It is a three-building complex, located at 8260, 8270 and 8280 Willow Oaks Corporate Dr. The buildings delivered in 1986, 1989 and 2003, respectively. Eighty-two seventy Willow Oaks has been fully-leased since its initial lease-up in 2005.

Other properties the company owns in the area include Tysons Dulles Plaza in McLean, VA; 1945 Old Gallows Rd. in Vienna, VA; and Redwood Plaza in Fairfax–for a total of more than 857,000 square feet. KBS, which maintains an office in the DC area, “sees Washington, DC as a market with above-average potential thanks to a gradual rebounding of the government and service sectors,” according to a prepared statement by local executive Robin Burke. KBS did not return a call to GlobeSt.com in time for publication.

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