Monday, December 10, 2012

HFF closes $85.6 million sale of Orbital Sciences Campus in Sterling, VA



Orbital Sciences Center, Sterling, VA
WASHINGTON, D.C. – HFF announced today that it has closed the sale of the Orbital Sciences Campus, a three-building, 337,228-square-foot, Class A office complex located in Sterling, Virginia. 

HFF marketed the property on behalf of the seller, a fund advised by Prudential Real Estate Investors (“PREI®”).  

Stephen Conley
Select Income REIT purchased the asset for $85.6 million free and clear of existing debt.

The property is situated at the intersection of Warp Drive and Route 28 North approximately 29 miles northwest of Washington, D.C. and four miles north of Washington Dulles International Airport.

Jim Meisel
Completed in 2001, the property is 100 percent leased on a long-term basis to Orbital Sciences Corporation and serves as the company’s global headquarters.  

On-site amenities include an outdoor patio, conference facilities, cafeteria, fitness center, basketball court and numerous running and biking trails.

The HFF investment sales team representing the seller was led by executive managing director Stephen Conley, senior managing directors Jim Meisel, Dek Potts and Andrew Weir and senior real estate analyst Matt Nicholson.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

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