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Washington DC & Mid-Atlantic  + Office  |  February 17, 2020
David Cohen
By: David Cohen

Virginia Office Property Trades for $47M

Innovatus Capital Partners has acquired two office buildings near the One Loudoun mixed-use development in Ashburn, VA. The sales price was reported as $46.5 million.

Located at 20130 and 20135 Lakeview Center Plaza, the two buildings total 204,000 square feet and are currently 96% leased. The current tenant roster includes Abich Financial Services, Electronic Transaction Systems, Curtiss-Wright Defense Solutions, New World Title & Escrow and Vantage Construction Corp.

The buildings were constructed in 2009, and are part of the Lakeview at University Center 60-acre mixed-use campus. The campus also includes a 130-room SpringHill Suites by Marriott hotel.

Jud Ryan of NKF represented the seller, MRP Realty, in the transaction.

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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