Republic acquires Dulles center.

Publication: Washington Times (Washington, D.C.)

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COPYRIGHT 2006 The Washington Times

Byline: Tom Ramstack

Aug. 10--Republic Property Trust has agreed to a $48.3 million acquisition of Dulles Park Technology Center from Cornerstone Real Estate Advisors in a move intended to give the real estate investment trust a bigger stake in Dulles corridor office properties.

The deal comes with 7.6 acres of parking space that Republic Property Trust says it might use to build another office building in Herndon.

"The potential to develop additional office space at no additional land costs is a big benefit for us," said Republic Chief Executive Officer Mark...

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