Virginia industrial deal tops $11 million

Occupancy low at 2-month-old facility

Transwestern negotiated the sale of Dulles Woods Business Park's Building 3, a recently constructed industrial building in Sterling, Va., for $11.5 million. The property, located at 45110 Ocean Court, comprises 102,427 square feet and was completed in December 2006. Features include 40 rear-loaded dock doors, nine drive-in doors and a 120-foot truck court radius. ING Clarion Partners purchased the facility from Opus East LLC. At the time of sale, the building was 39 percent leased, which includes a 10-year lease to a credit national banking association for 15,000 square feet. The property sits adjacent to the future Pacific Boulevard Extension, part of a $200 million Route 28 improvement program by the Virginia Department of Transportation. Transwestern is a privately held, commercial real estate firm operating nationwide. ...