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4601 North Fairfax Drive
SOLD

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

4601 North Fairfax Drive

Office
240,000 SF
clock iconSold 258 days ago
Matthew (Matt) Nicholson
Kevin Byrd
James (Jim) Meisel
+ 4
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Summary

Sale
VIRGINIA
Office
240,000 sqft

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.

Players

  • All

    7

  • Agents

    6

  • Agencies

    1

Matthew (Matt) Nicholson's profile picture
Matthew (Matt) Nicholson
JLL-image
Managing Director
$288.5M Sold
Kevin Byrd's profile picture
$288.5M Sold
Dave Baker's profile picture
$335.3M Sold
Kameel Omar's profile picture

Details

Deal Summary
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SOLD
IMAGE: Jim Meisel, Matt Nicholson, Andrew Weir, Kevin Byrd, Dave Baker, Kameel Omar & Cristopher White DATE: 09/14/2023 ADDRESS: 4601 North Fairfax Dr MARKET: Arlington, VA ASSET TYPE: Office BUYER: Penzance - Cristopher White SELLER: UBS Realty Investors BROKERS: Andrew Weir, Dave Baker, Jim Meisel, Kameel Omar, Kevin Byrd & Matt Nicholson - JLL SALE PRICE: $25,000,000 SF: 240,000 ~ PPSF: $104 NOTE: 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.

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Address4601 North Fairfax Drive

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