Newington Business Center

NORTHERN VIRGINIA

*purchased while senior management team at First Potomac Realty Trust

Property Overview

  • Small bay industrial buildings located in the Newington submarket with easy access to I-95
  • Seven buildings totaling 256,000 square feet

Acquisition Details

  • Acquired in December 1999 for $12.6M ($50psf) in a joint venture with Wafra, Inc.
  • Purchased from the lender after they had foreclosed on previous ownership

Execution

  • Principals of DSC Partners handled the operation of the property for the entire 16 years
  • Sold in December 2015 for $32.5M ($127psf)

Property Size: 256,000 sq. ft.

Details

Location

Newington Business Center
NORTHERN VIRGINIA

About DSC Partners

DSC Partners LLC is a real estate investment and development company that creates value through acquisition and enhancement of commercial properties in dynamic markets.

Founded by long-time DC real estate veterans Douglas J. Donatelli and Nicholas R. Smith, the company’s integrated approach to real estate investment optimizes long-term, risk-adjusted returns.

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Our Location

Plaza 500Crossways Commerce Center