EnTrust Realty Advisors has completed the sale of Loudoun Gateway V, a 128,477 RSF Class A office building to a New York-based private investment group. The property, which is located in the Loudoun Gateway Corporate Park in Sterling, Virginia was developed by Alter in 2008. James I. Clark III, EnTrust’s Managing Principal, announced the transaction. EnTrust represented the seller, Alter, and vetted interest from a large national investor base.
“This building presented the unique opportunity to acquire a Class A, value-add office building with strong highway visibility located within a primary national office market for tech and U.S. defense contractors,” Clark said of the property’s investment profile. “The asset was bought by an East Coast investor looking to expand their Washington, D.C. portfolio. With the purchase they are able to create efficiencies among other recent acquisitions in the area.”