A partnership of Atlantic Realty Companies (ARC) of Tysons Corner, VA and Angelo, Gordon & Co. (AG) of New York City has acquired four office buildings totaling 499,696 square feet in Reston, VA for approximately $82 million. The properties are strategically located near the Dulles Access Road and the new Silver Line Metro station. The portfolio is 50 percent leased to more than 40 tenants including Reston Association and offices of Wal-Mart. Eastdil Secured brokered the transaction.
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Urban Pace and 10 Square Real Estate (10 Square) have closed on the sale of two Inclusionary Zoning (IZ) affordable condominiums at Centrie, a new 22-unit condominium development in Shaw. These are the fifth and sixth IZ units to be sold in Washington, DC since the IZ program launched in 2009.