According to Fairfax County real estate records, the property has a total current assessed value of $38.4 million. BPG, having acquired the Campus at Sunrise on behalf of BPG Investment Partnership VII LP, will also submit the property to an upgrade and a repositioning program over the next few months. BPG's Roy Perry and George Haines orchestrated the acquisition internally, while Warren Dahlstrom and Jim Luck of Cushman & Wakefield represented CarrAmerica, which will serve as the complex's manager.

Developed between 1987 and 1989, Sunrise encompasses 11180, 11190 and 11130 Sunrise Valley Dr., and features 78,600, 108,200 and 67,000 sf of class A space in low-rise structures, respectively. "The property offers a distinct corporate campus with an ideal location and excellent visibility along the Dulles Toll Road," Perry says.

The majority of the complex, 200,000 sf, is currently available for occupancy--with Jeff Roman and Malcolm Schweiker of CB Richard Ellis handling leasing responsibilities. They are marketing the space for $30 to $31 per sf--due to long-time tenant Software AG's relocation to a smaller space in Reston.