Washington Property Co Acquires Property In Falls Church For $7.15M With Seller's Rep James Molloy

A 116,000 square foot office building located at 3160 Fairview Park Dr, Falls Church, was sold for $7,150,000. The transaction was part of the Falls Church market, with the property previously serving as the headquarters for Computer Sciences Corp, built in 1987. The acquisition price reflects a cost of $62 per square foot.

Summary of transaction details:

• Property Type: Office Building
• Transaction Amount: $7,150,000.00
• Address: 3160 Fairview Park Dr, Falls Church, VA
• Market: Falls Church
• Seller's Representative: James Molloy (JLL)
• Buyer: Washington Property Co
• Seller: Computer Sciences Corp
• Square Footage: 116,000 SF

Washington Property Co. is planning extensive renovations on the building to prepare it for new tenants after acquiring the property. Alongside this transaction, WPC has also purchased another office building at 12125 Veirs Mill Road in Wheaton/Glenmont for $815,000 and has retained Jay Clogg Realty Group for leasing efforts. The deal was facilitated by JLL's James Molloy on behalf of the seller, Computer Sciences Corp, who has vacated the property as part of their relocation to a different facility.