Penzance Acquires Arlington Office Complex For $52M

1901 North Fort Myer Drive & 1911 North Fort Myer Drive

$52,000,000

$102/SF

Building Size

510,000 SF

Asset Type

Office

Closing

Nov 27, 2023

AI

Penzance has acquired a two-building office complex at 1901 and 1911 North Fort Myer Drive in Arlington, VA. The sale price for the property was $52 million, with a total square footage of 255,000. The price per square foot was calculated at $203.92.

Summary of transaction details

Property Type: Office
Transaction Amount: $52,000,000
Address: 1901 & 1911 North Fort Myer Drive, Arlington, VA
Market: Arlington, VA

The buyer in this transaction was Julia Springer, representing Penzance. The seller, on the other hand, was Matt Kelly, representing JBG Smith. Cushman & Wakefield acted as the broker for both parties involved.

It is worth noting that Penzance acquired the office complex at a price of $52 million, or $203.92 per square foot.

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