Northwestern Mutual Life Insurance Co. purchased Park Center in Alexandria, VA for $135 million, or $235 a square foot. Park Center, a three-building, 560,979-square-foot office portfolio, consists of 4300 King St., 4401 Ford Ave. and 4501 Ford Ave. The portfolio was purchased as part of a 1031 exchange for the sellers at a 6.4% cap rate.
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4300 King St, Alexandria, VA
4501 Ford Ave, Alexandria, VA