Meridian Group Buys In Rosslyn, Sells In National Landing
The Meridian Group closed two Arlington County transactions in the final days of 2019, buying one building and selling another.
The firm Dec. 20 acquired the office building at 1525 Wilson Blvd. in Rosslyn from an affiliate of Equity Office for $113M, the Washington Business Journal reported. The acquisition came one day after The Meridian Group sold the office building at 3550 South Clark St. to Wheelock Street Capital for nearly $60M, the Washington Business Journal reported.
The Clark Street building is part of the National Gateway complex, which sits in between the future Virginia Tech campus and the site of Amazon HQ2. The Meridian Group retained Cushman & Wakefield in June to market the 238K SF building for sale, highlighting the two new economic anchors in its marketing materials.
The property is the latest in a string of buildings to sell in the National Landing area since the November 2018 Amazon HQ2 announcement.
The Rosslyn property, a 12-story, 319K SF building, features a Safeway grocery store and a plaza with a colorful sculpture of a man and a woman dancing. It sits less than a half-mile from the Rosslyn Metro station.
The transaction activity comes as The Meridian Group continues to build new projects throughout the region. Late last year, it delivered the massive first phase of The Boro in Tysons, and it is redeveloping at least three office buildings in the District, including one in partnership with WeWork.
