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Avison Young Reps Burke & Herbert in $22M Alexandria Office Purchase
Avison Young has facilitated the $22-million acquisition of 5680 King Centre Drive, a 110,047-square-foot office building in Alexandria, Va.
Jim Kornick and Bill Evans of Avison Young represented the buyer, Burke & Herbert Bank & Trust Company. The seller was not represented by a broker.
The new building allows Burke & Herbert Bank to bring together a large portion of its local workforce, which is currently dispersed across various locations in the area. The new location is more centrally located for its expanding workforce, is certified as a LEED Gold level building and provides additional visibility for the bank.
The bank’s main headquarters will remain at its historic location in Old Town Alexandria.
Burke & Herbert Bank is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington, DC area.
- ◦Sale/Acquisition
