CarrAmerica lands East Coast office tower

CarrAmerica Realty Corp. recently acquired Park Place, an approximately 168,000-square-foot, class A office tower in Rosslyn, Va.

CarrAmerica paid $61.7 million for the 13-story tower.

Park Place is located at 1655 North Fort Myer Drive, just across the Potomac River from Washington, D.C. Originally developed in 1981, Park Place has been institutionally owned and managed and has maintained its class A status through a series of renovations.

The identity of the seller was not disclosed.

CarrAmerica owns, develops and operates office properties in 12 markets throughout the United States.

***

What's your opinion? Send your Letter to the Editor to opinion@inman.com.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.