Jones Lang LaSalle's Capital Markets team has closed the $35.25 million sale of the Class A office property known as the FAA Building on behalf of Unico Properties and an institutional joint venture partner. Federal Partners, a firm focused on acquiring U.S. Federal Government-leased office buildings around the continental U.S., purchased the 199,168 s/f property which is 100% leased to the Federal Aviation Administration through July 2015. Federal Partners has retained Unico to manage the property.
Leading the Jones Lang LaSalle team on this transaction were managing director Michel Seifer and senior vice president Rob Hielscher. Senior vice president Marcy Owens Test, who is part of Jones Lang LaSalle's Government Investor Services (GIS) team, also assisted in the transaction.