Next Tier Real Estate Investors Acquires Stafford Property At 65 Barrett Heights Rd For $19.2M

The property involved in this transaction is an office portfolio that includes Stafford Commerce Center and Stafford Commerce Park, situated at 65 Barrett Heights Rd, Stafford, Virginia. The buyer, Next Tier Real Estate Investors, acquired the portfolio for $19,200,000.00, which comprises a total square footage of 272,000. Built between 2001 and 2006, the portfolio consists of six buildings and is located near major highways and retail options.

Summary of transaction details:

• Property Type: Office Portfolio
• Transaction Amount: $19,200,000.00
• Address: 65 Barrett Heights Rd, Stafford, Virginia
• Market: Stafford
• Square Footage: 272,000
• Seller's Representative: Larry FitzGerald (Newmark Knight Frank)
• Buyer: Next Tier Real Estate Investors

Newmark Knight Frank facilitated the transaction and represented the seller, Hudson Real Estate Advisors, in this deal. Following the sale, Newmark Knight Frank has also been appointed to manage the leasing operations for the new owner. The tenant roster includes established entities such as AT&T, the Department of Veterans Affairs, ECS, and L3Harris Technologies.