CoStar Realty Information, November 21, 2000

Velsor Pays $12.8M for Chantilly Plaza

Velsor Properties Buys 4 Buildings for $89.14 per SF

Chantilly Plaza, a 143,873-square-foot 4-building office/flex complex located on Sullyfield Circle in Chantilly, VA, has sold for $12.825 million - $89.14 per square foot. Alan Zuckerman of Pinnacle Realty Managemnt Co. and Andrew Glick represented the seller, Massachusetts Mutual Life Insurance Co., in the sale. Buyer Velsor Properties Inc. represented itself in the investment transaction. Chantilly Plaza consists of 14155, 14175, 14201 and 14225 Sullyfield Circle. Velsor Properties will add Chantilly Plaza to its current local portfolio, which includes a 54,000-square-foot industrial property in Springfield, VA.