• Type

    Office

  • Fund

    Realized

  • Address

    801 North Monroe Street
    Arlington, VA 22201

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Virginia Square Plaza

Arlington, VA

Property Overview

In August 1999, Meridian purchased the Virginia Square Plaza land parcel, one of the best located land sites in the Rosslyn-Ballston corridor, and successfully completed the development and construction of the building on time and under budget.

Prior to shell completion of the building, Meridian pre-leased 51% of the building to multiple tenants and achieved 95% occupancy within 12 months of shell completion of the building, substantially ahead of proforma stabilization. Meridian sold the building within 15 months, after stabilizing the asset, to an institutional buyer at a record sales price for Arlington County at the time.