Public School Buys Dominion Property for $46M

MERRIFIELD, VA-Officials of Fairfax County Public Schools have acquired Dominion One, a 209,000-sf office building at 8115 Gatehouse Rd., and its neighboring three-acre parcel from Akridge and Rreef Funds in a recent transaction valued at approximately $46 million. The class A office building will serve as the new headquarters for the school system’s administration, allowing 642 employees to relocate from eight different owned and leased facilities to a single building.

Completed in 2002, Dominion One is a five-story structure that, along with the land it occupies, features a current assessed value of nearly $29.2 million. The three-acre parcel next door at 8117 Gatehouse Rd. will ultimately become home to Dominion One’s identical companion building, Dominion Two.