FAIRFAX, VA-TPG/CalSTRS LLC, a subsidiary of Thomas PropertiesGroup Inc., has sold Centerpointe I & II office towers inFairfax. A joint venture between an institutional investmentpartner and Carr Properties has purchased the property for $128.7million.
The two office buildings comprise a total area of 421,859 squarefeet. TPG received earnings from the sale of Centerpointe I &II after debt payment and closing costs of roughly $5.3 million.For the full story, go to Washington Business Journal .
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