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.

The tower is fully leased to tenants such as American Chemistry Council and The Mills Corp.

Warren Dahlstrom of Cushman & Wakefield represented WestWind and its minority-interest partner, Kaempfer Co., in the transaction. 

WestWind Capital Partners is a privately held real estate investment advisory firm acquiring class-A product on behalf of a variety of institutional investors.

CarrAmerica owns, develops and operates office properties in 13 markets throughout the United States.

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