Conveniently sandwiched between Interstate 495 and Interstate 66, Metro Place II was developed in 1999 on a coveted three-acre spot adjacent to the Dunn Loring-Merrifield Metro Station. The property offers a separate six-level parking facility for approximately 800 vehicles, as well as an onsite fitness center. Boeing leases 40% of the building, while ITT Industries, L3 Communications and Northrop Grumman account for 41% of the space; real estate firm CarrAmerica and Starbucks account for the remaining space. There are no lease expirations until 2009.

"This asset offers a stable long-term investment yield due to the credit tenancy, remaining lease terms, current high occupancy, and the minimal need for future capital improvements due to the building's recent construction," Glenborough president and CEO Andrew Batinovich notes.

For Opus, the desire to turnover ownership of the property was all about timing. "The market was ripe for a sell," Eric D. Berkman of real estate services firm Grubb & Ellis tells GlobeSt.com. Berkman and colleagues Steven F. Gichner, Juliana S. Flowers and Brian S. MacDonald marketed the property on behalf of Opus.