06/20/2010 (1:27 am)
WRIT sells four Rockville properties
Rockville-based Washington Real Estate Investment Trust has completed the sale of four properties for $23.4 million.
All four buildings — three office buildings and one industrial property — are on Parklawn Drive in Rockville. WRIT has owned three of the buildings since 1993. It purchased the fourth in 1999.
This is the latest shuffle in WRIT’s local portfolio.
Earlier this month, the real estate investment trust paid $68 million to acquire two office buildings at the Quantico Corporate Office Center near Marine Corps Base Quantico in Stafford, Va.
The company owns more than 90 commercial real estate properties in the Washington market.
WRIT (NYSE: WRE) had $76.5 million in fiscal first-quarter revenue, little changed from year ago results.
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