2941 Fairview Park Drive in Falls Church, Virginia
FALLS CHURCH, VA – JLL Capital Markets has closed the sale of the 367,349-square-foot, trophy office building, 2941 Fairview Park Drive in Falls Church, Virginia.
The 15-story office asset boasts nine-foot to 12-foot ceilings and offers amenities including a signature restaurant, an upgraded fitness center, a farm-to-table café and ample parking.
Located within the Fairview Park office park, the property is situated within one mile of Interstate 495, Route 50 and Route 29, and is situated within walking distance to the federal government headquarters for the Defense Health Agency (DHA). The building is located ten minutes away from the Mosaic District and Tysons Corner Mall.
2941 Fairview Park Drive is currently 94% leased, with an average remaining lease term of more than eight years. The building is currently tenanted and anchored by multiple Fortune 500 companies, including the headquarters for a global international, defense and aerospace company.
JLL procured an affiliate of Menlo Equities, as the buyer. The JLL Capital Markets team, led by senior managing director, Bill Prutting, additionally represented the seller.
JLL Capital Markets is a full-service, global provider of capital solutions for real estate investors and occupiers. Offering investment advisory, debt placement, equity placement and recapitalization solutions to clients, the firm employs more than 3,700 capital market specialists worldwide, with offices in nearly 50 countries.
JLL is a professional services firm that specializes in real estate and investment management. The Fortune 500 company currently operates in more than 80 countries, with a global workforce of more than 93,000 professionals and an annual revenue of $18 billion.
Headquartered in Menlo Park, CA, Menlo Equities is a private, vertically-integrated commercial real estate investment firm. With $6.6 billion in assets under management totaling 19.7 million square feet, the company operates its three investment platforms encompassing core-plus, value-add and development.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
