Located on 25 acres in the Dulles Corridor just two miles from the Washington-Dulles International Airport, the property consists of seven structures built in 1998 and 1999, and ranging in size from 30,000 to 90,000 sf. Major tenants of the 94% occupied compound include Cisco Systems Inc., which has 150,000 sf, and Northrop Grumman/TASC Inc. and Focus Technologies Inc., which occupy 50,000 sf and 40,000 sf spaces, respectively. "The strength of the tenant roster was crucial to the transaction as lenders have become much more selective and market metrics are more closely scrutinized in the suburban office markets," explains LJ Melody DC office director Joe Donato.
Continue Reading for Free
Register and gain access to:
- 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
© 2024 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.
