LOUDOUN, VA—Northern Virginia's Route 28 submarket has not had an easy time of it since the recession and even before, when vacancy rates of 21% plus were a fact of life. Of late, though, there have been signs that the office market is beginning to rejuvenate.
Chambers Street Properties has put the former AOL headquarters building on the market after having signed on Comcast for 30,000 square feet. The whisper asking price is $165 million for the four-building, 696,377-square foot complex.
An institutional investor just snapped up an office in the area with an eye on the future Loudoun Gateway metro station.
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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.
