Park Center Portfolio Sold for $135M

A portfolio of three offices totaling 560,979 square feet located within the seven-building, mixed-use business park, Park Center in Alexandria, Va., has been sold for $135 million.  The deal that closed on January 20th was announced yesterday.  Cambridge Property Group structured the acquisition on behalf of The Northwestern Mutual Life Insurance Co.  Transwestern Commercial Services represented the sellers, Equity-Kiosk L.L.C., Park Center Plaza, L.L.C. and Equity Fort L.L.C., in the transaction.

Read the full article»