Washington Real Estate Investment Trust of Rockville announced Monday it has agreed to sell its entire, 16-asset industrial portfolio, as well as two office buildings, to a single buyer for $350 million.
The assets to be sold total approximately 3.1 million square feet. The company did not identify the buyer. The industrial properties are located principally in Northern Virginia and Prince George’s County in Maryland, as well as a project in Frederick. The office buildings are in Chantilly, Va., and Gaithersburg.
In its announcement, WRIT said the sales are part of a long-term plan to reposition its portfolio.