Carr Properties added one more office property to its portfolio in the Washington, D.C., metro area with the recent purchase of Gatewood Plaza in Fairfax City, Va.
Carr paid $16.9 million for the 87,648-square-foot, class B office building located at 10201 Lee Highway. Built in 1985, the property was 90 percent leased at the time of sale.
Arnell Corp., an affiliate of the Polinger Co., sold the building.
Carr Properties also owns the neighboring Sherwood Plaza, a 92,960-square-foot, class B office building, according to a press statement.