Leasing News

Arlington Medical Office Build Sold By Chalmers Property Company

FAIRFAX, Va., May 13, 2010 - Chalmers Property Company is pleased to announce the sale of Virginia Square Plaza, a two-building medical office and general office complex in the Rosslyn-Ballston Corridor.

NorthMarq’s Matt Clinebell, Jim Kornick, and Chip Ryan brokered the transaction. According to them, there were 61 prospective purchasers who toured the property and the sales team received 29 written offers. The two different buildings were originally constructed in 1955 and 1967 and are 98% leased to a mix of office and medical tenants. Additionally, the sale also contains further development rights of 43,000 sq. ft. at the complex.

Chalmers Property Company is a local development firm based in Fairfax, Virginia. The company's current portfolio is focused along the I-66 corridor in Arlington, Fairfax and Prince William counties and is comprised of office, medical, flex and industrial products.