Plaza 500

NORTHERN VIRGINIA

*purchased while senior management team at First Potomac Realty Trust

Property Overview

  • Former Drug Fair warehouse, headquarters and distribution facility
  • Combination of office, high bay distribution, yard space totaling 503,000 square feet
  • 35 acres located inside of the Washington DC Beltway

Acquisition Details

  • Acquired in 1989 for $19M ($38psf) from Drug Fair
  • 100% vacant

Execution

  • Principals of DSC Partners handled the operation of the property for 28 years
  • Began preliminary planning to obtain approval to redevelop into a multi-million square foot mixed use development
  • Sold in February 2017 for $75M ($150psf)

Property Size: 503,000 sq. ft.

Details

Location

Plaza 500
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.

Quick Navigation

Our Location

FPO Industrial PortfolioNewington Business Center