REBUSINESS – Westport Capital, Galaxy Investments Acquire Office, Retail Building in Metro D.C.

June 21, 2018

ALEXANDRIA, VA. — A joint venture between Westport Capital Partners LLC and Galaxy Investments has acquired Tavern Square, a 171,008-square-foot office and retail building located at the intersection of King and Royal streets in Alexandria, roughly eight miles south of Washington, D.C. Gerry Trainor of Transwestern arranged the transaction on behalf of the seller, Tavern Square LLC. The sales price was not disclosed. Developed in 1967, the property includes 130,000 square feet of office space, 41,008 square feet of ground-floor retail and a 326-space parking garage. The new ownership plans to renovate the property by modernizing the lobbies, common areas, building exterior and courtyard. Cambridge Holdings will provide construction services for the renovations. In addition, Cambridge will manage the property and handle the building’s leasing assignment.

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
1250 23rd Street, NW
Washington, DC 20037
Phone: 202.857.0328
Fax: 202.857.0266

OLD TOWN ALEXANDRIA
418 Cameron Street
Alexandria, VA 22314
Phone: 703.836.3703