Foreign investor sells Virginia tower

Atlanta-based WestWind Capital Partners, on behalf of KanAm Grundinvest Fonds, sold the 344,533-square-foot Commonwealth Tower in Rosslyn, Va.

The value of the transaction was $131.2 million.

Washington, D.C.-based CarrAmerica Realty Corp. purchased the 15-story, class-A office building, which includes approximately 11,000 square feet of retail and fitness-center space, as well as a four-story parking garage.

The suburban Washington, D.C., building was developed in 1971 and completely redeveloped in 1995 by Skidmore, Owings & Merrill.  more...

Investcorp sells East Coast office buildings

Investcorp sold two office buildings totaling 385,000 square feet in Florham Park, N.J.

The total value of the transaction was not disclosed.

Buildings 103 and 104, located at 180 Park Ave., are located in the former Rockefeller Group Corporate Park that Investcorp purchased in November 2002.

The properties are leased on a long-term basis to AT&T Corp.

Wells Real Estate Investment Trust II Inc. purchased the properties.  more...

Wells REIT II expands in Georgia

Wells Real Estate Investment Trust II Inc. bought One Glenlake, a 350,000-square-foot, class-A office building leased primarily by Siebel Systems in Atlanta's Central Perimeter market.

The value of the transaction was not disclosed.

Siebel Systems has a long-term lease for 163,000 square feet (46 percent) of the 14-story building. Other major tenants include Willis Insurance, Regions Bank, Transamerica, EBC Office Centers and Coldwell Banker.  more...