Deal Snapshot
PRP CLOSES ACQUISITION OF TWO VIRGINIA, US OFFICE BUILDINGS
Tuesday 13 February 2018

Washington, US-based real estate investment management company PRP has acquired 4900 Seminary Road and 4825 Mark Center Drive in Alexandria, Virginia, from CIII, the company said. Built in 1986 and 2000, respectively, the buildings represent a unique opportunity for PRP to provide high-quality office and retail space to value-oriented tenants.
Both buildings are located within the Mark Center submarket, an amenity-rich location that is situated along I-395, and across the street from the Mark Center Transit Center, providing regional and local bus service as well as shuttle service to two nearby Metrorail stations.


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Details
Date Published: 13/02/2018
Target: 4900 Seminary Road and 4825 Mark Center Drive in,  Alexandria, Virginia
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Closed
Vendor: CIII
Buyer: PRP
Comment:
Terms of the deal were not disclosed

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