East Coast properties sell for $60 million

Deals total more than 403,000 square feet

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GVA Advantis brokered three recent transactions involving office, retail and industrial space in Virginia and Washington, D.C. The total value of the transactions was approximately $60 million. Real Estate Capital Partners sold Parkway Square in Herndon, Va., for $44.1 million to a private investor based in Germany. The property, located at 460 Herndon Parkway, is a two-story office building with approximately 205,074 square feet of rentable area. Parkway Square was 76 percent leased at closing to multiple credit tenants, including Boeing Aerospace Co., which leases 96,943 square feet. Doug Bell, a local private owner, sold 1804-1808 Adams Mill Road in Washington, D.C., for $3.8 million to Douglas Development Corp., which operates in the D.C. metropolitan area. The property is a 17,841-square-foot office/retail building located in the heart of Adams Morgan, just two miles from the White House. It was originally constructed in the early 1900s. Harbor Group International sold 1000 Lu...