HERNDON, VA—Federal Capital Partners just closed on One Dulles Tower for $84 million. Corporate Office Properties Trust is the seller of the 397,000-square foot property and calculates the per square foot price to be $212. The building, which is located in the Woodland Park master planned development, has been fully leased to Booz Allen Hamilton until the end of this year, at which point the security consultant will be vacating to a consolidated office in McLean, VA.
Once the company leaves, FCP plans to begin a repositioning and rebranding of the property, Principal Erik Weinberg tells GlobeSt.com.
The company will be upgrading the amenity package, adding an on site café and fitness center, as well as improving the aesthetics of the building, he says.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
