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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Quantico Corporate Center buildings sold for $68 million

The two existing office buildings at the Quantico Corporate Center in North Stafford sold today to the Washington Real Estate Investment Trust for $68 million.

The office park is off U.S. 1 near the Quantico Marine Corps Base. The two 140,000-square-foot buildings are fully leased with defense contractors including BAE Systems, General Dynamics, MTCSC and MITRE. The firms have been attracted to the proximity to Quantico’s south gate and the new 719,000-square-foot building on Telegraph Road that will house five new military investigative agencies starting next year.

The Silver Cos., which is developing the office park, considers the sale a major step forward in the development of the QCC.

“We really needed a sophisticated, well-funded partner,” said Phillip Baxter, a Silver vice president who has been handling leasing there along with David Newman.

See tomorrow’s FLS for the rest of this story. Click here for a news release that the Washington REIT put out this afternoon on the deal.

Permalink: http://news.fredericksburg.com/businessbrowser/2010/06/03/quantico-corporate-center-buildings-sold/

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