The Velsor Companies

In The Press

CoStar Realty Information, June 27, 2001

Technology Trading

Velsor Properties Purchases Park for $10.7 Million

Velsor Properties purchased 403 & 405 Glenn Drive in Sterling, VA, for $10.7 million or - $54 per square foot - from Transcontinental Realty Investors. Located in the Route 28/Dulles North Industrial submarket, the 197,000-square-foot industrial park is currently 85% occupied. Iron Mountain, the anchor tenant occupies approximately 50,000 square feet. Don Devine, principal broker of Devine Commercial, brokered the transaction. 403 & 405 Glenn Drive features 17 docks and 4 drive-in bays, 24' ceiling height and gas-fired heating.

 


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