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American Re Buys Verizon Corporate Campus In $213M Sale Leaseback | Tony Seruga
Dec
13

American Re Buys Verizon Corporate Campus In $213M Sale Leaseback

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ASHBURN, VA—Word on the street has been that Verizon has been looking to sell its enterprise assets.

Now we have heard from a source that Verizon has sold its campus in Ashburn, VA, for $212.5 million, or $118 per square foot, in a sale lease back transaction. The buyer is a JV betweenAmerican Real Estate Partners and a hedge fund, Davidson Kempner Capital Management.

American Real Estate Partners confirmed the basic transaction to GlobeSt.com and said it was getting ready to announce it. We were unable to confirm the purchase price or its partner with it. We were also unable to contact Davidson Kempner…

American Re Buys Verizon Corporate Campus In $213M Sale Leaseback

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