Acorp Services Purchased Alexandria Office Building

The Michigan-based firm acquired 11 Canal Center Plaza for $9.05 million.

Updated on Oct. 9, 2026 in Commercial

Acorp Services Purchased Alexandria Office Building

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Michigan-based Acorp Services has completed the acquisition of the office building located at 11 Canal Center Plaza in Alexandria. The firm intends to maintain the property for long-term office use.

Why it matters

The buyer was motivated by the location, current occupancy status, and recent building renovations. The proximity to the Potomac River Generating Station redevelopment also served as a key selling point.

The property spans 1.3 acres and currently maintains an 86% occupancy rate with two anchor tenants. The site has an assessed land value of $7.4 million and an assessed building value of $13.5 million.

The players

Acorp Services

This Michigan-based firm is the new owner of the property and plans to manage it for long-term office use.

Oliff PLC

This is an anchor tenant that currently occupies 43,000 square feet of the building.

Freeman

This is an anchor tenant that currently occupies 24,400 square feet of the building.

The details

The building currently houses Oliff PLC in 43,000 square feet and Freeman in 24,400 square feet. Three additional suites remain available for lease at the facility.

The building was originally constructed in the 1970s.
Acorp Services acquired the property on October 8, 2026.

Roadmap

The purchase follows the pattern set by the redevelopment of the former Potomac River Generating Station in attracting long-term commercial interest to Old Town North. This acquisition highlights a broader trend of firms seeking established assets in neighborhoods undergoing significant regional infrastructure upgrades.

Local businesses and office tenants should expect continuity in building operations under the new management. Prospective commercial tenants looking for space in Old Town North may have opportunities to lease the three currently vacant suites.

The takeaway

Commercial real estate investors often prioritize properties near major redevelopment projects to capitalize on future neighborhood growth. Owners should look for assets with stable anchor tenants to ensure long-term occupancy while they work to fill remaining vacancies.