Bill Collins, Paul Collins, James Cassidy and Drew Flood of Cassidy & Pinkard Colliers represented the seller in the Lincoln Park III transaction.
The building offers a two-story lobby, 42,000-sf floorplates and 9-foot 6-inch finished ceilings. Located off of the new interchange at Route 28 and McLearen Road, the building is next to the one-million-sf CIA facility that is currently under construction.
Investment sales in Herndon have this year have included Monument III, a 193,000-sf, seven-story class A office building that traded for $54.5 million. The building was sold by its developer Monument Realty LLC and equity investor Apollo Real Estate Investment Fund V in April to a partnership between MGP Realty LLC in Bethesda, MD and New York City's Praedium Group.
In March, as another example, Washington Real Estate Investment Trust acquired a fully leased office building for $78.2 million. Part of Monument at Worldgate, a mixed-use complex, the 205,000-sf, eight-story office building was sold by Rreef.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
