$18M office building sold in Virginia

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Grubb & Ellis Co. represented The Realty Associates Fund IV in the sale of an 88,778-square-foot office building in Herndon, Va. The value of the transaction was $18 million. Access Property Services Inc. purchased the two-story property, Parkway One, which is located at 555 Herndon Parkway. At the time of sale, the property was 88 percent occupied. Grubb & Ellis Co. is a full-service commercial real estate organization operating worldwide. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....