Bridge Investment Group’s subsidiary (Bridge Office Fund Manager LLC) Acquires The Campus at Sunrise in Metro DC

The Campus at Sunrrise, Reston, VA

ATLANTA, GA – Bridge Investment Group’s Office Division announced the acquisition of The Campus at Sunrise, a 255,000-square-foot Class-A creative office campus located in Reston, Va.

The three-building site features premier access to local dining, retail and mass transit and is set on 12 acres.

Significant renovations for all three buildings will begin later this year, with plans calling for updated lobby areas, enhanced tenant amenity center, next-generation flexible spec suites, communal outdoor areas and a full menu of special events and entertainment for office tenants.

Erin Cotter

“The acquisition of The Campus at Sunrise presents an opportunity to create a next-generation workplace in one of the nation’s most dynamic submarkets,” said Tommy Spinosa, Acquisitions Director of Bridge Investment Group.

Tommy Spinosa

 “Employers will continue to gravitate to this area due to the high degree of connectivity with transit and live-work-play options, which aligns with Bridge’s long-term strategy of capitalizing on well-positioned value-add assets.

"We will draw on our broad range of experience in the office sector to create a workplace community that resonates with top professional talent and generates the bottom-line results our tenants seek.”

Originally built between 1987 and 1990, The Campus at Sunrise is currently 85 percent occupied. The property is a short walk from the Wiehle-Reston East Metro Station and just one half-mile from the future Reston Station mixed-use community that will feature more than 100,000 square feet of restaurants, shops and service-oriented retailers, upon completion.

Josh Masi

 The Campus at Sunrise is also expected to benefit from the more than 3,000 residential units and 250,000 square feet of retail being delivered over the next few years within a 1-mile radius.

Bridge has been active in the market this year. The company purchased O’Hare International Center in Rosemont, Il. this week, which came on the heels of the August purchase of the 32-acre Lenox Park office campus in metro Atlanta that includes 1 million square feet of Class A Office.

The recent acquisitions bring the firm’s year-to-date total to more than 4 million square feet of office space closed nationally.

  

Office spaces ranging from 2,000 to 13,000 square feet are currently available, with the first round of spec suites tentatively scheduled to deliver in Q2 2019.

Matt Bundy

Bridge Commercial Real Estate, the operating company for Bridge Office, will provide property management for the campus and oversee the leasing which will be led by Erin Cotter, Josh Masi and Matt Bundy of Cushman & Wakefield.

CONTACTS:

Nick Banaszak

1718 Peachtree St., Suite 1048 

Atlanta, GA 30309

M: 256-457-5384

www.thewilbertgroup.com

Sarah Weston

The Wilbert Group

sweston@thewilbertgroup.com