Tuesday, November 18, 2014
This article, authored by Daniel J. Sternovitz, Staff Reporter, Washington Business Journal, was published on Nov 10, 2014 and was updated on Nov 11, 2014:
Medi Falsafi isn't someone who leaves a lot to chance.
And so, when his landlord at the Lafayette Center in downtown D.C. walled off the interior, open-air atrium facing his offices in the building's basement to install a fitness center to accommodate another tenant two years ago, Falsafi came to an important conclusion: In order to control its own destiny, ABC Imaging needed its own building rather than continuing to be a tenant in another landlord's property.
No, this isn't the classic anecdotal lede to an owner-occupied building sale, though that's certainly part of it. In October, Falsafi signed a contract to acquire a building in Fairfax County's Alexandria section for $6.2 million and is planning to close on the acquisition of 5920 Shawnee Road in January.
Posted by Joel Salus at 10:20 AM