News
Washington, D.C. Office

Foreign Money Heads to Dulles

And we're not talking about an airplane flight. Ritz-Banc Group co-founder Nasr el-Hage (here at a Bisnow event last year with J Street's John Protopappas) tells us his firm has just closed on Avion Lakeside A & D, a two-property, 116k SF office portfolio in Dulles. Ritz-Banc partnered up with Lincoln Property Co on the purchase and was additionally backed in the deal by a Saudi family. Sources tell us the undisclosed seller sold the portfolio for around $20M.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

270-Unit Manassas Gated Community Sells: The D.C. Deal Sheet

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters