Hines, an international real estate firm, on behalf of National Office Partners Limited Partnership (NOP), its investment partnership with the California Public Employees’ Retirement System, purchased the Station Square office complex in Silver Spring, Md.

The value of the transaction was not disclosed.

Moore & Associates Inc. sold the three-building, 490,000-square-foot, class A office property.

At the time of sale, Station Square was 99 percent leased to tenants including: Howard University; the GSA; TV One; and Pike & Fischer.

The acquisition of Station Square will bring the total number of office properties in the NOP portfolio to eight, with a total value of approximately $1 billion.

***

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

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×