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Tuesday, 12 June 2018

PS Business Parks Bought Northern Virginia Industrial Portfolio

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PS Business Parks Inc. bought a 1.1 million-square-foot portfolio of industrial space in northern Virginia for $143.3 million, or about $130.27/sf.

A previous report did not identify the buyer.

The Glendale, Calif., REIT acquired the 19-building portfolio from a venture that includes MRP Realty and institutional investors advised by JPMorgan Asset Management. Transwestern...


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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • States: Virginia
  • Sector: Industrial
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $100 million and $150 million
  • Private: Yes
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