CHANTILLY, VA—At the end of last year, JLL's Bill Prutting made the argument that in 2016 the Chantilly-Westfields-Route 28 submarket could see a revival. So far, the year is off to a good start for this piece of Northern Virginia and if the pace of deals continues, Prutting could well be proved correct by year's end.
Two more deals joined the handful of transactions that have occurred here in recent weeks. UNICOM Global acquired Washington Technology Park I & II at 15000 and 15010 Conference Center Dr., for $52.5 million.
Separately, Northridge at Westfields, a three building office, warehouse and R&D complex with additional land parcels for potential future development, was acquired by Strategic Capital Partners for $17.2 million. CBRE brokered both transactions.
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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.
