The home of the Defense Advanced Research Projects Agency is under new ownership.
An affiliate of Cleveland-based Boyd Watterson Asset Management has acquired the 13-story, 355,000-square-foot building at 675 N. Randolph St. in Ballston for $196.5 million, according to public records. An affiliate of the Shooshan Cos., which developed the building a decade ago, was the seller.
Neither company immediately responded to a request for comment.
Shooshan landed the lease in 2009 after Virginia approved a $10 million incentive package to help finance the complex construction project. The office building was part of the larger Founders Square development that includes 650,000 square feet of office, 362 residential units and 26,900 square feet of retail. DARPA relocated from Virginia Square for Ballston in 2012.
Details about the ultra-secure building, designed by RTKL, are largely not publicly available. But it was designed to LEED Gold standards and meets the Department of Defense’s Level…
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