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LOWE ENTERPRISES ACQUIRES OFFICE COMPLEX IN ARLINGTON, VA.

ARLINGTON, VA. — Los Angeles-based Lowe Enterprises has acquired Jefferson Plaza, a 517,305-square-foot office complex in Arlington’s Crystal City district, from Equity Group, on behalf of an investment client, for an undisclosed price. The complex is comprised of two 13-story office towers, the 263,312-square-foot Jefferson Plaza 1 and 253,993-square-foot Jefferson Plaza 2. The towers, located at 1411 and 1421 Jefferson Davis Hwy., are connected by a glass-enclosed atrium and share a three-level below-grade parking structure. The buyer was represented in-house, and Warren Dahlstrom of Cushman and Wakefield’s Washington, D.C. office represented the seller. The complex was 96 percent leased at the time of sale, with the National Guard Bureau being the largest tenant.

Content Partners
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