JBS Companies has acquired the Falls Church Corporate Center located in Arlington Boulevard, Virginia, from Pearlmark Real Estate Partners, GlobeSt reports. The buyer has paid a total of $86 million for the acquisition.
The center is 88% leased to tenants, including BB&T Bank, Kastle Systems and the Centech Group. On the transaction, Transwestern’s DC Institutional Commercial Group acted on behalf of the seller.
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