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Zumot Acquires Two Vint Hill Properties for $1.5 Million

FAUQUIER COUNTY, VA-Zumot Real Estate Management Inc. has acquired two buildings in Vint Hill Tech Park for a total of about $1.5 million. The company is spending additional funds to rehabilitate the properties.

By Barbra Murray | Updated on January 31, 2002

FAUQUIER COUNTY, VA-In a deal valued at over $1.5 million, McClean, VA’s Zumot Real Estate Management Inc. has acquired two buildings in the sprawling 695-acre mixed-use community Vint Hill Tech Park. The company spent $1.1 million on an 80,000-sf building that sits on a 12-acre plot of land, and $440,000 on a 9,500-sf structure that is fully leased by the local office of California’s Science Applications International Corp.

“We liked the area and we think the Fauquier County region is lacking viable office space for people who don’t want to commute,” company president Rajai Zumot explains to GlobeSt.com. “We like the concept of the village style Vint Hill Economic Development Authority [VHEDA] has put in place, and we want to be a part of it.” About $3.5 million has been allotted for renovating the 80,000-sf building, and the Zumot has already invested an additional $300,000 into upgrading SAIC’s building. SAIC has a 5-year lease on the property.

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