10.11.05::Crown Ridge Sold for $58.316M

October 11, 2005

Cambridge Property Group structured the acquisition Crown Ridge, on behalf of 1211 Connecticut Avenue Associates TIC LLC and Sullyfield Circle TIC LLC. The Property is an attractive, 8 story, + 191,237 square foot modern office building situation in the heart of the 50/66 market in Fairfax County. The asset is strategically located off US Route 50 and one stoplight to I-66. Its location provides tenants ease of access to the metropolitan Washington, D.C. are via I-66, the Capital Beltway (I-495), and the Fairfax County Parkway.

Cambridge Property Group structured the acquisition Crown Ridge, on behalf of 1211 Connecticut Avenue Associates TIC LLC and Sullyfield Circle TIC LLC.  The Property is an attractive, 8 story, + 191,237 square foot modern office building situation in the heart of the 50/66 market in Fairfax County.  The asset is strategically located off US Route 50 and one stoplight to I-66.  Its location provides tenants ease of access to the metropolitan Washington, D.C. are via I-66, the Capital Beltway (I-495), and the Fairfax County Parkway.

Read the full press release»

HEADQUARTERS                   TYSONS CORNER 
8391 Old Courthouse Road
Suite 210
Vienna, VA 22182
Phone: 703.709.8866
Fax: 703.709.0638

GREENBELT
7474 Greenway Center Drive
Suite 140
Greenbelt, MD 20770
Phone: 301.982.3112
Fax: 301.982.5408

WASHINGTON DC
2001 L Street, NW
Suite 850
Washington, DC 20036
Phone: 703.709.8866

OLD TOWN ALEXANDRIA
123 N. Pitt Street
Suite 575
Alexandria, VA 22314
Phone: 703.836.3703