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Finmarc Sells Land, Building to Pulte Homes for $26M
Finmarc Management, Inc. has completed the $26.36 million sale of an 83,300 square foot flex and office building, as well as an adjacent 6.4-acre parcel located within the Park East Corporate Center in Chantilly, Virginia, to Pulte Homes.
Finmarc acquired the three-building business park comprised of nearly 200,000 square feet of flex and office space in 2021. Cushman & Wakefield’s Brendan May and Paul Norman represented Finmarc, and Aaron Rosenfeld of Kelley Drye & Warren LLP provided legal services to the company in this sales transaction.
Pulte Homes intends to develop 183 homes on the combined sites totaling approximately 14 acres, including 96 two-by-two townhomes, 32 condominium flats, and 30 20-foot townhomes. The company also plans to deliver 25 affordable and workforce dwelling units on the available acreage. Pulte Home’s acquisition of Park East III, a single-story building located at 13990 Parkeast Circle, leaves two buildings remaining in the business community owned by Finmarc.
