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Wynwood Portfolio Sells for $5.6 Million

NAI KLNB Represents Seller in Chantilly Portfolio Sale
December 24, 2013
Chalmers Property Co. of Fairfax, VA, purchased the 88,000-square-foot Wynwood portfolio in Chantilly, VA from a joint venture comprised of LNR Property Corp. and Redwood Commercial R.E. Services for $5.6 million, or about $62 per square foot.

Wynwood I and II were built in 1991 at 5160 and 5180 Parkstone Dr., respectively. The buildings themselves are designed with the flexibility to host multiple tenants or house one tenant comfortably, and contain slightly less than 400 surface level parking spaces.

Larry Fitzgerald of Newmark Grubb Knight Frank represented Chalmers Property, while Josh Simon, Chris Kubler and Kevin Goeller of NAI KLNB represented the sellers.

"We see a number of new disposition opportunities emerging from commercial mortgage-backed securities channels," said Simon. "2014 will be the very beginning."

Please see CoStar Comp #2884702 for more information on the transaction.
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