Carr Properties Purchases Office Building In Alexandria, VA For $15.4M

The vacant office building located at 901 North Pitt Street in Alexandria, VA has been sold for $15.4 million. The property spans 69,000 square feet, resulting in a price per square foot of $223. Carr Properties acquired the asset from an affiliate of The Carr Cos. The buyer intends to convert the office building into 234 apartment units.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15,400,000
• Address: 901 North Pitt Street
• Market: Alexandria, VA
• Buyer: Carr Properties

The purchase of the office building at 901 North Pitt Street was facilitated by Carr Properties, marking their strategic move to transform the property into residential units. The acquisition reflects the company's commitment to expanding its real estate portfolio in Alexandria, VA.