FALLS CHURCH, VA-Two 13-tower office buildings that total 399,049 square feet and a development site that can accommodate another 200,000-square foot office building have sold for roughly $86 million. The buildings, Falls Church Corporate Center, are located at 6400 & 6402 Arlington Blvd. They are 88% occupied and trading at a mid 6 cap rate, in place. When the property stabilizes the cap rate is expected to settle at mid 7.

The property was acquired by the JBG Cos. from Pearlmark Real Estate Partners. Transwestern’s DC Institutional Commercial Group brokered the sale on behalf of the seller. The building has undergone a renovation in recent years, Gerry Trainor, executive managing director of Transwestern tells GlobeSt.com. “JBG’s game plan is to lease it up and enjoy the cash flow,” he says.

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

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


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 © 2024 ALM Global, LLC. All Rights Reserved.