RESTON, VA—The Coretrust Capital Partners andNormandy Real Estate Partners JV has closed on theacquisition of Reston Metro Center One andTwo.
The two companies have teamed up before to buy properties in the NorthernVirginia market: in May they purchased Fair OaksPlaza, an eight-story 179,282-square foot office that was86% leased at the time. The companies purchased the existingmortgage note from a special servicer out of a CMBS trust.
At the time, Coretrust Capital Partners managing principalJohn Sischo told GlobeSt.com that the JV would be making additionalinvestments in Northern Virginia.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
