Transwestern fund lands 333,000 square feet
D.C.-area market may be poised for 'strong job growth'
By Inman News, Tuesday, November 7, 2006.Transwestern Investment Co. LLC, on behalf of investment fund Aslan Partners III LLC, acquired a 333,000-square-foot office building in Arlington, Va.
The value of the transaction was not disclosed.
The 12-story asset known as Presidential Tower is located at 2511 Jefferson Davis Highway.
"This investment is a continuation of our strategy of buying high-quality real estate in markets that have a propensity for strong job growth and office space absorption," said Erwin Aulis, CIO of Transwestern Investment Co.
Founded in 1996, Chicago-based Transwestern Investment Co. is a principal investment firm specializing in commercial real estate.
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