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Article: Columbia Equity Trust, Inc. Announces $23.95 Million Acquisition.
- Article from:
- Business Wire
- Article date:
- August 23, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON -- Columbia Equity Trust, Inc. (NYSE:COE) announced today that it acquired 14700 Lee Road, an approximate 85,000 square foot office building in Chantilly, Virginia for a purchase price of $23.95 million.
14700 Lee Road is located within the Westfields corporate office park. The building is the closest office property within the park to the National Reconnaissance Office, a major driver of office space demand within the sub-market. 14700 Lee Road is 100% leased to General Dynamics Systems Development and Integration Services, Inc., a subsidiary of General Dynamics Corporation. With this acquisition, Columbia Equity Trust now maintains within the ...