Goldman Sachs & Co. has acquired a majority stake in a 10-building Virginia real estate portfolio. The full-service global investment banking and securities firm has paid a total of $438 million to Lehman Brothers Holdings for the stake, adds Bloomberg.
Real estate investment firm Monday Properties, which initially bought the properties in partnership with Lehman in 2007, continues to remain an owner and the operator of the portfolio. The acquired portfolio, which is presently 92 percent-leased, represents 30 percent of all commercial real estate in Rosslyn, comprising 1000 and 1100 Wilson Boulevard. The sale was arranged by real estate investment banking company Eastdil Secured.
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