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ALEXANDRIA, VA-Continuing to recycle capital at a near mad pace, Washington Real Estate Investment Trust (NYSE: WRE) has acquired Braddock Place, a 345,000-square foot office campus here for $101 million. It paid cash for the four-asset complex, which is 92% leased to 13 tenants. The buildings, 1310, 1320, 1330 and 1340 Braddock Place, are located in Old Town next to the Braddock Road Metro Station.

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