Herndon Office Trades to ING for $47M

HERNDON, VA-ING Clarion purchased a newly completed 202,990-sf office building here for $47 million from a partnership between Lincoln Property Co. and Goldman Sachs. The building was part of a two-asset portfolio sale; Lincoln Park II, a 96,920-sf office building completed in March 2006 traded for $22 million earlier this year.

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.