Nov
02
DC-Area Office Asset Trades for $79M
ByAtlantic Realty and Angelo, Gordon & Co. plan to completed a $6 million renovation program at their newly purchased buildings.
Tysons Concourse, Vienna, Va,
Washington—A joint venture between Atlantic Realty Cos. and Angelo, Gordon & Co. recently bought Tysons Concourse in Vienna, Va., a two-building Class A office complex, Virginia Business reports.
The property was sold by California State Teachers’ Retirement System for $78.8 million. Eastdil Secured represented the seller. According to Yardi Matrix data, Atlantic Realty Cos. drew an undisclosed amount from a $66.6 million line of credit held by CIBC. The property last traded in June 2000, for $75.5 million…
