Friday, May 2, 2008

GVA Advantis Represents Adler Financial in Sale of Virginia Commerce Bank Building


(Above photo shows the 28,161-sf Virginia Commerce Bank Building at 4221 Walney Road, Chantilly, VA)

WASHINGTON, D.C. - (May 2, 2008) - GVA Advantis is pleased to announce a recent investment sales transaction in Chantilly, Va. in the amount of $8,700,000.

Brian Ball, (top right photo) CCIM, SIOR, executive director and Jack Regler, associate, of the Washington, D.C. office of GVA Advantis represented the seller, Adler Financial, in the transaction.

Adler Financial sold 4221 Walney Road for $8,700,000, or $309/SF, to a small group of private investors. The Property is a 28,161 SF office building located near the intersection of Highway 50 and Route 28, in the Route 28 South submarket.
Constructed in 1987, the Property is a five-story class B office building. Virginia Commerce Bank, the building’s largest tenant, occupies a total of 19,914 square feet, or 71% of the building.

Media Contact:

Tonya Ginter
GVA Advantis
703.790.2127
1747 Pennsylvania Avenue, NW
Suite 1100
Washington, DC 20006
tginter@gvaadvantis.com



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