Penzance Acquires Ballston One Office Building In Arlington County For $25M

Penzance, a D.C.-based real estate firm, has acquired the Ballston One office building in Arlington County for an undisclosed sum, although property records indicate a $25 million sale. The property, located at 4601 North Fairfax Dr, is an office building with a total square footage of 240,000. With a price per square foot of $104, the Ballston One office building is a valuable asset in the Arlington, VA market.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $25,000,000
• Address: 4601 North Fairfax Dr
• Market: Arlington, VA

In this transaction, Penzance, represented by Cristopher White, acted as the buyer. UBS Realty Investors served as the seller. The deal was facilitated by brokers from JLL, including Andrew Weir, Dave Baker, Jim Meisel, Kameel Omar, Kevin Byrd, and Matt Nicholson. These individuals played a crucial role in executing the sale of the Ballston One office building.