C-III Capital Partner’s Subsidiary Purchases Argon Plaza
C-III Asset Management, a subsidiary of C-III Capital Partners, recently facilitated a purchase made by Grubb Properties at 12701 Fair Lakes Circle, Fairfax, Va. This is the first time Grubb has purchased property in the Washington, D.C. metro area. The property is also known as Argon Plaza and is within close proximity to Fair Oaks Mall. C-III Capital Partners is under strong leadership and guidance, with Andrew L. Farkas being both the CEO and Chairman of this company.
The purchase made by Grubb Properties amounted to $38.8 million total and was sold by the U.S. Bank. A subsidiary of C-III Capital Partners, NAI Global, brokered the purchase with HFF. NAI Global is a real estate broker and is also under the leadership of Andrew Farkas’ company, C-III Capital Partners.
Argon Plaza was built in 1988 and is comprised of a 10-story building. The property is also 275,000 square feet and is also occupied by The Boeing Company, and will remain at this location for at least the next five years. The area surrounding Argon Plaza offers plenty of access to retail, cafes and eateries and it also in close proximity to Interstate 66 and Route 286. Both roads are used regularly by commuters in the Washington, D.C. area.
C-III Capital Partners and NAI Global are pleased to have helped Grubb Properties make its very first purchase in Northern Virginia. The Washington, D.C. area is an ideal location for property investment due to easy public transportation access and plethora of nationally known companies. Under the guidance of Andrew Farkas, both C-III Capital Partners and NAI Global will continue to assist real estate companies in purchasing properties with great potential.