Penzance Adds Ballston One Office Building in $25M Deal

Penzance has acquired Ballston One, a 239,678-square-foot office building in Arlington, Va., from UBS Realty Investors for $25 million, according to public property records. Located at 4601 North Fairfax Drive, the 12-story Ballston One was built in 1986. The building’s tenant roster includes The American Heart Association and Homeland Security Capital, plus a mix of federal government and private sector tenants.