Mar
16
D.C. Area Class A Office Changes Hands for $19.6M
ByThe four-story building sits in a dense office area, mere minutes from Dulles International Airport and adjacent to the future Herndon Metro Station.
Atrium at Worldgate, Herndon, Va.
Herndon, Va.—The Cambridge Property Group recently announced that it has successfully represented Galaxy Atrium LLC during the purchase of the Atrium at Worldgate, a 129,368-square-foot Class A office building. The office currently has 31,624 square feet available for lease, which brings the occupancy to 75.5 percent.
The property was purchased from AEW Capital Management through Cushman & Wakefield. Cambridge also announced that it has been retained as manager, lease agent and construction services provider. In order to maintain Class A status, the asset is scheduled to receive improvement and cosmetic upgrades…
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