 |
| 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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