Grosvenor expands in northern Virginia
Purchases two-building office complex in D.C. area
By Inman News, Thursday, May 20, 2004.Inman News®
Grosvenor has entered the northern Virginia office market by acquiring Carlyle Gateway I and II, adjacent class A office buildings totaling 250,088 square feet in Alexandria.
The total value of the transactions was not disclosed.
The six-story class A buildings, located at 1900 Duke St. and 333 John Carlyle St., were developed in 1999-2000 and were more than 95 percent leased at the time of sale.
Grosvenor purchased the property from its developer, Cousins Properties Inc.
Grosvenor is a privately owned property development and investment group.
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