McLean office building sold to D.C. firm

Washington DC (6/27/06) - A roughly 256,000-square-foot office building in the heart of Tysons Corner is changing owners.

New Boston Fund and Glenborough Realty Trust have sold 2000 Corporate Ridge in McLean to D.C.-based Stephen A. Goldberg Co.

The price was not disclosed.

New Boston Fund and San Mateo, Calif.-based Glenborough Realty Trust (NYSE: GLB) bought the building in 2000.

The property, at the intersection of Interstate 495 and Route 7, is home to Logistics Management Institute, a nonprofit corporation that provides governments with management consulting, research and analysis.

"The timing was just right for this sale," says David Langol, Virginia regional director for New Boston Fund.

In a separate announcement, New Boston Fund named Patrick Connell vice president of asset management for the mid-Atlantic region.

Connell, who most recently was vice president and regional director for RREEF-Deutsche Bank Real Estate, will be based out of New Boston Fund`s Tysons Corner office.

Earlier, he was an assistant vice president at Spaulding and Slye in D.C., and a property manager for Trammell Crow Co. in the District.

http://washington.bizjournals.com/washington/stories/2006/06/26/daily14.html?t=printable

by Neil Adler
Washington Business Journal