A joint venture involving USAA Real Estate and Lowe, a national real-estate investor, developer and manager, has acquired the Park Center office complex in Alexandria for an undisclosed price.
The three adjacent office buildings, located at 4300 King St., 3101 Park Center Drive and 4401 Ford Ave., total 566,000 square feet.
“The Park Center acquisition provides us with an exceptional opportunity to pursue leases with tenants that have large space requirements as well as to consider repositioning portions of the property for other uses,” Lowe Executive Vice President Mark Rivers said in a statement.
Situated at the intersection of I-395 and King Street (Route 7), Park Center offers access to the Pentagon, Crystal City, Ronald Reagan National Airport and downtown Washington, D.C. Park Center also is close to restaurants, shops and entertainment venues, including The Village at Shirlington.
