A lot of real estate transactions cross our desks at the Washington Business Journal. We can’t devote full stories to them all, but some deserve to be on the record. Welcome to Deal Dash.
One of Falls Church’s major office buildings has traded owners. Dallas-based Velocis has sold the 194,644-square-foot office building 3120 Fairview Park Drive to an affiliate of New York-based Admiral Capital Group for $47 million, according to public records.
That comes just four and a half years after Velocis bought it for $39 million, records show. The company undertook some renovations to the building in the meantime alongside its partner Moore & Associates, which leases and manages the building. Velocis said in a statement that 3120 Fairview Park was part of a portfolio sale that included properties in Georgia and Arizona as well.
Kevin McConn out of JLL Capital Markets’ Houston office represented Velocis in the transaction.
A local investor has purchased three buildings in Germantown with…
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