Gilbane Development Co. has paid $15.22 million, or $125.57/sf, for the 121,200-square-foot office property at 3601 Wilson Blvd. in Arlington, Va., which it plans to convert into 94 apartment units. The Providence, R.I., developer bought the property, near a Metro subway station providing access to Washington, D.C., from LaSalle Investment Management, which had acquired it in […]

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