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| Herndon Square, 510 Spring Street and 535 Huntmar Park Drive, Herndon, VA |
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| Bruce Strasburg |
WASHINGTON, DC –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Herndon Square, a two-building,
120,696-square-foot office property in Herndon, Virginia.
HFF represented the seller
in the transaction. Crilley Warehouse, a
private investor, purchased the assets for an undisclosed amount.
Herndon Square consists of
510 Spring Street and 535 Huntmar Park
Drive, which together sit on 10.38 acres in the heart of the Dulles
Technology Corridor, about 23 miles from Washington, D.C.
This location provides easy access to the
Dulles Toll Road (Route 267), the future Herndon Metro Station (eta 2020),
Washington Dulles International Airport, Reston Town Center and Tysons
Corner.
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| Dek Potts |
Completed in 1999, Herndon
Square is 94 percent leased to six tenants, including the General Services
Administration, Black Box Network Services and Inovalon, Inc. 510 Spring Street is a two-story,
60,275-square-foot facility.
535 Huntmar
Park Drive is a 60,421-square-foot, single-story facility with on-site data
center infrastructure leased in its entirety to the GSA.
The HFF investment sales
team representing the seller was led by senior managing directors Bruce Strasburg and Dek Potts.
“This was an outstanding
opportunity for an investor to acquire two high-quality D.C. metro office
buildings that are well leased to an exceptional GSA and regional tenant
roster,” said Strasburg. “The attractive
in-place cash flow is secured by a critical area amenity infrastructure with a
central location in the rapidly redeveloping Metro Silver Line Corridor.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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