Melrose Alexandria Holdings LLC Acquires Office Building On King Street In Alexandria For $29.5M

The office building known as Courthouse Square, located at 510 King Street in Alexandria, VA, has been sold by Brookfield Properties as part of its exit from the city's office market. The property was purchased by Melrose Alexandria Holdings LLC, an affiliate of New Jersey's Melrose Solomon Enterprises, for a total sale price of $29.5 million. With a size of approximately 125,000 square feet, the office building was acquired at an average price per square foot of $236.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $29,500,000
• Square Feet: 125,000
• Price per Square Foot: $236
• Address: 510 King Street, Alexandria, VA
• Market: Alexandria, VA
• Buyer: Melrose Alexandria Holdings LLC
• Seller: Brookfield Properties

Brookfield Properties sold Courthouse Square, an office building in Old Town Alexandria, to Melrose Alexandria Holdings LLC for a total of $29.5 million. Melrose Alexandria Holdings LLC is an affiliate of New Jersey's Melrose Solomon Enterprises.