Falls Church Corporate Center Towers Sell for $83.7M

Pearlmark Real Estate Partners sold two office towers in the Falls Church Corporate Center of Falls Church, VA for $83.7 million according to a CoStar report. The JBG Companies purchased the properties for $210 per square foot in a deal brokered by Transwestern's DC Institutional Commercial Group.

Located at 6400 & 6402 Arlington Blvd in Falls Church, the Falls Church Corporate Center was reportedly 88% occupied at the time of sale. The property consists of two 13-story office buildings totaling 399,049 square feet and a development site that can accommodate a 200,000 square foot office building. Gerry Trainor, executive managing director of Transwestern, told GlobeSt.com that "JBG's game plan is to lease it up and enjoy the cash flow."

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