WRIT To Sell Industrial Portfolio, 2 Offices for $350M

Washington Real Estate Investment Trust agreed to sell its 16-building industrial portfolio and two office properties in Maryland, Washington, DC, and northern Virginia for $ 350 million. AP AG Portfolio LLC, a partnership led by AREA Property Partners Value Enhancement Fund VII LP and Adler Group Inc., will purchase the 3.1 million square feet in assets in five separate deals.

The first transaction includes 8880 Gorman Road, Dulles South IV, Fullerton…
National Commercial Real Estate News From CoStar Group