Rappaport Companies Acquires Property In Sterling From First Washington Realty For $35M

The property asset involved in the transaction is located at 21800 Towncenter Plaza, Sterling, VA. The transaction took place in the Sterling market, with a total sale price of $35,000,000.00 and a square footage of 188,109.

Summary of transaction details:

• Property Type: Sale
• Transaction Amount: $35,000,000.00
• Address: 21800 Towncenter Plaza, Sterling, VA
• Market: Sterling
• Seller: First Washington Realty
• Buyer: Rappaport Companies
• Seller's Rep: Mathew Adler-Newmark, Christopher Huesgen-Newmark, Geoffrey Millerd-Newmark

The deal highlights the involvement of Rappaport Companies as the buyer, indicating a strategic acquisition in Sterling. The transaction was represented by Mathew Adler, Christopher Huesgen, and Geoffrey Millerd from Newmark, who acted on behalf of the seller, First Washington Realty, facilitating the complete transaction process.