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Friday, May 18, 2012 Office
Through a joint venture with the California State Teachers Retirement System, Thomas Properties Group purchased the Fair Oaks Center and the Centerpointe I & II office towers in Fairfax, Va., for $166.5 million from Equity Office Properties Trust in May. Jones Lang Lasalle represented the seller in sale of Fair Oaks Plaza, which covers 117,559 sq. feet in eight floors and is 94 percent leased. CB Richard Ellis represented the seller in the transaction for the 402,000 sq. foot Centerpointe I & II towers, which are 99 percent leased. The buyer was represented internally. The seller used Real Capital Markets to market the transaction. The Fair Oaks Plaza is located at 11350 Random Hills Rd., which is roughly two miles west of the Centerpointe towers at 4000 and 4050 Legato Rd. The Thomas Properties Group is a full-service real estate firm with offices in Philadelphia and Los Angeles. Equity Office owns and operates office buildings across the country. Address: 11350 Random Hills Rd. and 4000 and 4050 Legato Rd. in Fairfax, Va. Size: A total of 519,559 sq. feet Filed Under: Office E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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