Washington DC + DC Metro + Office | June 7, 2023

Costco Buys Springfield Office Building for $7M

Finmarc Management, a commercial real estate investment and management firm, has sold 7375 Boston Boulevard, a two-story building in Springfield, Virginia, to Costco Wholesale for $6.55 million.

The building, with nearly 27,000 square feet of office space, is part of an 11-building portfolio acquired by Finmarc for $127.5 million from Boston Properties last year. The vacant building sits on a 2.81-acre parcel adjacent to an operating Costco Wholesale retail building.

The portfolio, known as the VA 95 portfolio, comprises single-story and two-story buildings ranging from 27,000 to 105,000 square feet. Geoffrey Mackler of H&R Retail and Daniel Venable of NWAP II, Inc. represented the buyer in this sales transaction.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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