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One Cambridge Court Complex to Find Its New Owner Soon

MERRIFIELD, VA-Inova Health System gets closer to finding a buyer for its One Cambridge Court Office Park, as bidding finally comes to an end. The two-building complex offers 219,000 sf of space, and is valued at nearly $40 million.

By Barbra Murray | Updated on December 13, 2001

MERRIFIELD, VA-After putting its One Cambridge Court Office Park on the market this summer, Inova Health System nears the end of the bidding frenzy for ownership of the two-building complex. Both structures are a decade old and offer a combined 219,000 sf of class-A office space. Greenwich Group is representing Inova in the transaction and is disclosing neither the number of bids on the table, nor how much cash would-be owners are willing to spend.

“We’ve gone through the last and final round of bidding,” says a Greenwich Group spokesperson, who discussed the building complex with GlobeSt.Com on the condition of anonymity. “Everything is looking pretty good right now.” Unless the current economic climate turns out to be a negative factor in the bidding, Inova can expect to get at least $40 million for East Tower and West Tower, the two structures on Gatehouse Road. Fairfax County records puts the properties’ assessed value as of Jan. 1, 2001 at $39,489,400.

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