Prudential sells $112m Washington DC office

Prudential Real Estate Investors has disposed of a 570,000-sq-ft office to US REIT KBS. It comes as the real estate investment firm also repaid $145m of a $616m credit facility with JV partner Kimco Realty.

Prudential Real Estate Investors has sold a 570,000-square-foot office property in Washington, DC to US REIT KBS for $112 million.

The Parsippany, New Jersey-based fund manager bought the Class A Willow Oaks Corporate Center in Merrifield, Fairfax County, Virginia in December 2005 for around $107 million, according to data provider Real Capital Analytics.

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