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Mosby Buildings Sell

Investcorp Pays $19M for Office, Apartments
By Jacques Edelin
October 10, 2002 | 7:19 P.M.

JBG Mosby LP sold the Mosby Apartment and Office Buildings to Investcorp Properties Ltd. for $19.15 million, or $93.89 per square foot. Located at 10560 Main St. in Fairfax, VA, the buildings total 203,956 square feet. The 110-unit apartment is 96,250 square feet, and the office building is 107,706 square feet, which includes 11,386 square feet of retail. Built in 1965, the buildings underwent exterior and interior renovations in 1999. Features include copy and fax services, high-speed Internet access, a conference center with state-of-the-art audio/visual equipment, a restaurant, a swimming pool, a dry cleaner, and a hair salon. The office building is 95 percent occupied, and the apartment is 98 percent occupied.

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