USAA, Lowe Acquire 3-Building Alexandria Office Complex
The team behind the development of the National Science Foundation's new Alexandria headquarters is now partnering on another Alexandria deal.
USAA Real Estate and Lowe, formerly Lowe Enterprises, jointly acquired the three-building Park Center office complex from Northwestern Mutual for an undisclosed price, the buyers announced Thursday.
The office buildings at 4300 King St., 3101 Park Center Drive and 4401 Ford Ave. total 566K SF. The complex sits at the intersection of Interstate 395 and King Street. It is less than five miles from the 700K SF NSF building USAA and Lowe delivered in November.
“The Park Center acquisition provides us with an exceptional opportunity to pursue leases with tenants that have large space requirements, as well as to consider repositioning portions of the property for other uses,” Lowe Executive Vice President Mark Rivers said in a release.