June 14, 2005
Westfield Realty, Inc. sells $1 billion property portfolio to real estate investment firm Beacon Capital Partners, LLC.
Willkie’s Real Estate Department assisted Northern Virginia-based Westfield Realty, Inc. in an approximately $1 billion portfolio sale to real estate investment firm Beacon Capital Partners, LLC. The deal, which closed on June 13, involved a portfolio of 12 office buildings in Rosslyn and Crystal City, Virginia. Westfield has developed over 3.5 million square feet in the Washington, DC and Northern Virginia metropolitan area. Based in Boston, Beacon Capital owns, operates and develops urban office and mixed-use space across the United States. The transaction was handled by partner Eugene Pinover and associates Tom Henry and Jeremy Feit.