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Finmarc Acquires 460K-SF North Virginia Office Portfolio for $77M
Finmarc Management, Inc. has completed the $77.5 million acquisition of Highline at Greensboro, a two-building portfolio composed of approximately 460,000 square feet of commercial office space.
The property consists of 8401 and 8405 Greensboro Drive, twin, 10-story office towers located in the Tysons Corner submarket of Northern Virginia, and were 70 percent leased and occupied at the time of the sales transaction. Cushman & Wakefield’s Paul Collins and Kevin Sidney represented the seller, CIM Group. Aaron Rosenfeld of Kelley Drye & Warren LLP provided legal services to Finmarc and Cliff Mendelson of Metropolis Capital Advisors assisted in the debt placement.
The ten-story buildings totaling 460,000 square feet are comprised of 8401 Greensboro and 8405 Greensboro. The property is served by The Boro, a walkable amenity anchored by Whole Foods Market which includes 250,000 square feet of retail space featuring a diverse range of sit-down and fast-casual restaurants.
