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Washington DC & Mid-Atlantic  + Office  |  July 11, 2019
David Cohen
By: David Cohen

USAA Acquires Arlington, Virginia Office Tower for $153M

JLL arranged the sale and financing of One Liberty Center, a 319,327-square-foot office tower in Arlington. The sales price was reported as $153 million.

Located at 875 North Randolph St., the property is within the Liberty Square master-planned mixed-use development that will deliver more than 500,000 square feet of retail and entertainment options, as well as more than 2,000 new residential units to the area. The 13-story property is currently 99% leased to the U.S. Government.

Jim Meisel, Andrew Weir, Matthew Nicholson, David Baker and Stephen Conley of JLL represented the seller, Carr Properties, in the transaction. Additionally, Cary Abod and Rob Carey of JLL secured financing on behalf of the buyer, USAA Real Estate, through lender Northwestern Mutual.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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