Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-Washington Real Estate Investment Trust (NYSE: WRE) is selling its entire industrial portfolio, plus two office buildings, to a single, unidentified buyer for $350 million. The sale is part of WRIT’s decision to reposition its holdings to focus more on Inside-the-Beltway assets, George F. “Skip” McKenzie, president and CEO of WRIT says in a prepared statement. “We’re delighted to be moving forward with our strategic plan at this current pace,” he said. WRIT did not return a call to GlobeSt.com in time for publication.

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

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.