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ARLINGTON, VA-Washington Real Estate Investment Trust (WRIT) haspicked up Fairgate at Ballston, an office building spanning 147,000square feet at 1005 N. Glebe Road in Arlington, for $52.25 million.The Rockville-based firm paid $355 per square foot for theeight-story building.
Fairgate at Ballston is 82% leased to office tenants. Theacquisition brings the Washington area portfolio of WRIT to 72properties adding 9 million square feet. For the full story, goto Washington Business Journal .
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