Burke & Herbert Bank & Trust Company Acquires Office Property In Alexandria For $22M

The office property located at 5680 King Centre Dr in Alexandria, VA has been sold in a closed transaction. The property spans 110,047 square feet and was acquired by Burke & Herbert Bank & Trust Company for a total price of $22,000,000, resulting in a price per square foot of $200. The seller in this transaction was The Halle Companies. The deal was facilitated by brokers Bill Evans and Jim Kornick from Avison Young.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $22,000,000
• Address: 5680 King Centre Dr, Alexandria, VA
• Market: Alexandria, VA
• Buyer: Burke & Herbert Bank & Trust Company - David P. Boyle
• Seller: The Halle Companies
• Brokers: Bill Evans & Jim Kornick - Avison Young
• Size: 110,047 square feet
• Price per Square Foot: $200

This transaction involved David P. Boyle representing Burke & Herbert Bank & Trust Company as the buyer. The brokers involved in the deal were Bill Evans and Jim Kornick from Avison Young. The sale of the property highlights the successful collaboration between the buyer, seller, and brokers in achieving a significant transaction in the office market of Alexandria, VA.