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Rosslyn Metro Center Sells for $180M

The Rosslyn Metro Center has sold for $180M to American Real Estate Partners. The building was placed on the market with DTZ by owner Clover Management in November 2014. Located at 1700 N Moore St and connected directly to the Metro station, the 22-story, 409k SF office building is 89% occupied. The building was rumored to have sold in March for $175M, according to GlobeSt. Rosslyn has been experiencing an unusual period of vacancy, which is a lingering effect of BRAC. New supply at 1812 N Moore is largely vacant a year after hitting the market; other projects such as JBG's Central Place are moving forward. [GS]

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