 |
| Dulles Executive Plaza is located at 13530 and 13560 Dulles Technology Drive in the Innovation Center micro-market of Herndon, VA |
WASHINGTON,
DC– JLL Capital
Markets it has closed the $113.5 million sale and financing of Dulles
Executive Plaza, a two-building, Class A office complex totaling 384,336
square feet in Herndon, Virginia.
 |
| Susan Carras |
Additionally, JLL worked on behalf of Innovatus to secure acquisition financing.
 |
| Paul Spellman |
This
submarket is rapidly becoming a transit-oriented, mixed-use environment with
the opening of the Innovation Center Silver Line Metro Rail Station later this
year, which will link the property to the broader D.C. region and continue to
spur additional development.
The
property is 94% leased to name brand government contractors such as Lockheed
Martin and Constellis.
The
JLL team representing the seller was led by Matt Nicholson, Jim Meisel,
Andrew Weir and Dave Baker.
 |
| Rob Carey |
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales advisory, debt placement, equity placement or a
recapitalization.
The firm has more than 3,700 Capital Markets
specialists worldwide with offices in nearly 50 countries.
 |
| Matt Nicholson |
About Lionstone Investments
Lionstone
Investments is a data-analytics driven real estate investment firm that
conceptualizes, analyzes, and executes national investment strategies using
proprietary algorithms and advanced analytics to understand the changing ways
people in America want to live and work.
Places for Productive People.® Lionstone
Investments is a wholly-owned subsidiary of Columbia Management Investment
Advisers, LLC. Columbia
Threadneedle
Investments is the global brand name of the Columbia and Threadneedle group of
companies. For more information, please visit: LionstoneInvestments.com.
About Columbia Real Estate Management (“CREM”)
CREM, a wholly owned subsidiary of Columbia Property Trust,
Inc. (“Columbia”), is advisor to several funds that were formerly advised by
Normandy Real Estate Management, a former real estate developer, owner and
manager, and fund manager that was acquired by Columbia in January 2020.
 |
| Jim Meisel |
Columbia also serves as general partner for these funds and is a joint venture participant with certain of these funds in several development and re-development projects.
For more information, please visit www.columbia.reit/funds. ;
About Innovatus Capital Partners, LLC
Innovatus
Capital Partners, LLC is a boutique specialty finance firm focused on creating
value for investors in emergent asset classes, private credit and asset-based
investments, based in New York.
Innovatus has assets under management in excess of $1.5 billion. Innovatus has a dedicated team of real estate investment professionals with deep experience in commercial real estate acquisitions, recapitalizations and asset management across all property types including office, multifamily, hotel, retail, medical, and industrial.
 |
| Andrew Weir |
Further
information can be found at innovatuscp.com.
About
JLL
JLL
(NYSE: JLL) is a leading professional services firm that specializes in real
estate and investment management.
JLL
shapes the future of real estate for a better world by using the most advanced
technology to create rewarding opportunities, amazing spaces and sustainable
real estate solutions for our clients, our people and our communities.
 |
| Dave Baker |
JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
For further information, please visit jll.com.
CONTACT:
Kristen
Murphy
Senior
Manager
Public Relations
Investor Services
JLL
One
Post Office Square, Suite 3500
Boston,
MA 02109
T
+1 617 848 1572
M
+1 617 543 4873
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