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DULLES, VA-CB Richard Ellis Realty Trust has entered into an agreement to purchase four office buildings, along with 22 acres of land here, from AOL for a reported price of $144.5 million. The four buildings, located at 22110-22270 Pacific Blvd., range in size from 173,554 to 175,021 square feet, a total 696,391 square feet. All four are fully leased on a long-term basis to two tenants, one of which is Raytheon, which with much fanfare took 600,000 square feet in a deal with AOL last year.

The deal is typical of the non-traded REIT’s bifurcated approach to market, Jack Cuneo, president and CEO of CB Richard Ellis Realty Trust, tells GlobeSt.com. Currently the REIT is now equally split between industrial/warehouse/distribution space and office, he says. “In terms of our tenancy we have a large number of companies that are in the technical, defense, medical, and scientific communities.”

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