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(Updated 2/11) One of the prominent office buildings in the Mark Center, 2001 N. Beauregard, has been sold for $71.7 million to a Mexican real estate investment firm..

The Mark Center is a West End office park that served as a hub for Department of Defense offices before 2005 Base Realignment and Closure forced many of those offices to relocate to more secure facilities.


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Question: What’s the 20/20 on 2020?

Answer: A year ago, all indications were that 2020 was going to be a good year for the real estate market in Northern Virginia. We started off strong, then COVID-19 hit, massive shutdowns followed and the market fizzled. For a few weeks in late March and early April, no one knew what to expect. Then, rather quickly, the market began to rebound, and by the beginning of June 2020 amidst so much strife and uncertainty, Northern Virginia experienced a full-fledged “spring market effect.” That active market continued to the end of the year.


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Question: How did the challenges in 2020 affect the real estate market in Alexandria?

Answer: It is a good thing I had my two-week winter vacation in St. Martin right before the lockdown, because surprisingly enough it was extremely busy from the minute I got back in town.


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This week’s Q&A column is sponsored and written by Kim Peele and Hope Peele of The Peele Group and McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant Alexandria market news, contact The Peele Group at 703-244-5852 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: Is this a good time to buy an investment property?


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