D.C.-area office complex acquired

Price hits $233 per square foot

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Transwestern represented a limited liability company in the sale of a 191,336-square-foot office complex in Reston, Va. Rim Pacific IV & VIII LLC sold the property, Lake Fairfax Business Center IV & VII, to Miami-based Americas Capital Partners for $44.5 million. The class A complex, located at 1761 and 1768 Business Center Drive, is situated on a 10-acre site. Lake Fairfax IV, a four-story building originally developed in 1986, was 100 percent vacant at the time of sale. Lake Fairfax VIII, developed in 1988, was fully leased to Raytheon, a Fortune 500 company, on a short-term basis. Transwestern is a privately held, national commercial real estate firm operating nationwide. ...