SPRINGFIELD, VA – Boston Properties Inc. has sold a portfolio of 11 flex/office, industrial and data center buildings in Springfield, VA to commercial real estate investment and management firm Finmarc Management Inc. for $127.5 million.
The 740,000-square-foot portfolio comprises single-story and two-story assets that range from 27,000 square feet to 105,000 square feet. The properties are 74% occupied and six of the buildings are 100% leased. Tenants of the portfolio include ADT Security Systems, Avaya, SAIC, the Vomela Cos. and the United States General Service Administration.
Situated adjacent to Interstate 95 and Fairfax County Pkwy., the properties are located on Boston Blvd., Corporate Court and Grainger Court, and offer immediate access to Interstate 95. Located in a last-mile delivery site, the portfolio is situated near Fort Belvoir, the National Geospatial-Intelligence Agency and Marine Corps Base Quantico and it is 15 miles from Washington D.C.
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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.
